Forsta AP Fonden Sells 400 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Forsta AP Fonden lowered its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,700 shares of the software maker’s stock after selling 400 shares during the period. Forsta AP Fonden’s holdings in ANSYS were worth $6,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in ANSYS by 21.6% during the second quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock valued at $875,000 after buying an additional 483 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in ANSYS during the 2nd quarter valued at about $358,000. Creative Planning boosted its stake in ANSYS by 5.3% during the second quarter. Creative Planning now owns 9,616 shares of the software maker’s stock worth $3,092,000 after acquiring an additional 484 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in ANSYS by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,720 shares of the software maker’s stock worth $1,839,000 after purchasing an additional 239 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of ANSYS during the second quarter valued at approximately $227,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have commented on ANSS shares. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock 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 given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $346.67.

ANSYS Stock Performance

Shares of ANSS opened at $350.50 on Friday. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 54.09, a P/E/G ratio of 3.61 and a beta of 1.11. The business’s fifty day simple moving average is $344.54 and its two-hundred day simple moving average is $329.61. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

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.