Everence Capital Management Inc. Has $887,000 Stake in ANSYS, Inc. (NASDAQ:ANSS)

Everence Capital Management Inc. lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,630 shares of the software maker’s stock after selling 1,320 shares during the quarter. Everence Capital Management Inc.’s holdings in ANSYS were worth $887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bangor Savings Bank lifted its holdings in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares during the period. Gardner Lewis Asset Management L P grew its stake in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after acquiring an additional 40 shares in the last quarter. Eads & Heald Wealth Management increased its position in ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock worth $807,000 after acquiring an additional 40 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in ANSYS by 2.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $338.38 on Friday. The business has a fifty day simple moving average of $340.44 and a 200 day simple moving average of $326.86. The company has a market cap of $29.59 billion, a P/E ratio of 52.22, a P/E/G ratio of 3.89 and a beta of 1.10. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ANSS shares. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.