Choreo LLC Acquires 927 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Choreo LLC raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,781 shares of the software maker’s stock after purchasing an additional 927 shares during the period. Choreo LLC’s holdings in ANSYS were worth $940,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ANSS. DiNuzzo Private Wealth Inc. boosted its holdings in 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 acquiring an additional 170 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of ANSYS in the 3rd quarter worth $70,000. Brooklyn Investment Group purchased a new position in ANSYS in the 3rd quarter worth about $119,000. Asset Dedication LLC raised its holdings in shares of ANSYS by 35.1% during the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after purchasing an additional 100 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ANSYS during the 3rd quarter valued at $174,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

NASDAQ:ANSS opened at $344.86 on Monday. The stock has a 50-day simple moving average of $344.21 and a two-hundred day simple moving average of $330.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The firm has a market capitalization of $30.16 billion, a PE ratio of 53.22, a P/E/G ratio of 3.61 and a beta of 1.12.

Analyst Ratings Changes

Several brokerages have issued reports on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $346.67.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on 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 $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate 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.