ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 348,198 shares of the software maker’s stock after selling 19,842 shares during the period. ANSYS makes up 1.6% of Riverbridge Partners LLC’s portfolio, making the stock its 20th biggest position. Riverbridge Partners LLC’s holdings in ANSYS were worth $117,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. D1 Capital Partners L.P. purchased a new stake in shares of ANSYS in the third quarter worth about $73,345,000. State Street Corp boosted its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the period. JPMorgan Chase & Co. grew its position in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. Bank of Montreal Can raised its stake in shares of ANSYS by 72.8% during the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after purchasing an additional 89,840 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of ANSYS by 140.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock worth $44,565,000 after purchasing an additional 80,886 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 1.3 %

ANSS stock opened at $356.63 on Thursday. The firm has a fifty day moving average price of $342.88 and a two-hundred day moving average price of $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 1-year low of $289.82 and a 1-year high of $363.03. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 3.65 and a beta of 1.11.

Analysts Set New Price Targets

ANSS has been the subject of a number of recent analyst reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $346.67.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s 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 transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

About ANSYS

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.