Dynamic Advisor Solutions LLC Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

Dynamic Advisor Solutions LLC reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,066 shares of the software maker’s stock after selling 857 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ANSYS were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares during the last quarter. Intact Investment Management Inc. acquired a new stake in ANSYS during the third quarter worth about $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC lifted its holdings in ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $344.89 on Tuesday. 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 firm has a fifty day moving average of $344.03 and a 200 day moving average of $329.06. The firm has a market cap of $30.16 billion, a PE ratio of 53.22, a PEG ratio of 3.72 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

Wall Street Analyst Weigh In

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

Insider Activity

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

ANSYS Company 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.