Assenagon Asset Management S.A. Sells 354 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Assenagon Asset Management S.A. cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,253 shares of the software maker’s stock after selling 354 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ANSYS were worth $3,796,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ANSS. Bangor Savings Bank grew its stake 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 buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after acquiring an additional 37 shares in the last quarter. Wedmont Private Capital grew its stake in shares of ANSYS by 1.8% during the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock worth $748,000 after acquiring an additional 39 shares during the last quarter. Eads & Heald Wealth Management increased its holdings in shares of ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after acquiring an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of 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 last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $352.07 on Wednesday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock’s fifty day moving average is $342.73 and its two-hundred day moving average is $328.29. The firm has a market capitalization of $30.79 billion, a P/E ratio of 54.33, a price-to-earnings-growth ratio of 3.65 and a beta of 1.11.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research reports. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $346.67.

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.