Burney Co. Sells 91 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Burney Co. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,307 shares of the software maker’s stock after selling 91 shares during the quarter. Burney Co.’s holdings in ANSYS were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bangor Savings Bank raised its position in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in ANSYS during the third quarter valued at approximately $70,000. Brooklyn Investment Group purchased a new stake in ANSYS during the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC boosted its holdings in shares of ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after purchasing an additional 100 shares during the period. 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 ANSYS stock in a transaction 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 of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $349.93 on Friday. The company has a market cap of $30.60 billion, a P/E ratio of 54.00, a PEG ratio of 3.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock’s 50-day moving average is $342.66 and its 200 day moving average is $328.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANSS. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $346.67.

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.