Park Place Capital Corp Has $88,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Park Place Capital Corp decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 50.0% in the 4th quarter, HoldingsChannel reports. The fund owned 262 shares of the software maker’s stock after selling 262 shares during the period. Park Place Capital Corp’s holdings in ANSYS were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of ANSS. Eads & Heald Wealth Management lifted its position in ANSYS by 15.3% in the fourth quarter. Eads & Heald Wealth Management now owns 2,920 shares of the software maker’s stock worth $985,000 after purchasing an additional 387 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares in the last quarter. Ulland Investment Advisors LLC lifted its holdings in shares of ANSYS by 107.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock worth $889,000 after acquiring an additional 1,366 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of ANSYS by 950.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,680 shares of the software maker’s stock valued at $567,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in ANSYS in the fourth quarter valued at about $208,000. Institutional investors own 92.39% of the company’s stock.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Up 1.3 %

NASDAQ ANSS opened at $356.63 on Thursday. The stock’s 50 day simple moving average is $342.88 and its 200 day simple moving average is $328.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm has a market cap of $31.19 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 3.65 and a beta of 1.11.

Analysts Set New Price Targets

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