Vontobel Holding Ltd. Trims Position in ANSYS, Inc. (NASDAQ:ANSS)

Vontobel Holding Ltd. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,499 shares of the software maker’s stock after selling 4,563 shares during the quarter. Vontobel Holding Ltd.’s holdings in ANSYS were worth $77,754,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in ANSYS by 2,656.5% during the third quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker’s stock valued at $202,000 after acquiring an additional 611 shares during the period. Swedbank AB grew its position in shares of ANSYS by 5.5% during the third quarter. Swedbank AB now owns 8,401 shares of the software maker’s stock worth $2,677,000 after purchasing an additional 438 shares in the last quarter. Asset Dedication LLC raised its stake in ANSYS by 35.1% during the 3rd 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 period. Sumitomo Life Insurance Co. raised its stake in ANSYS by 1.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,385 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 111 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in ANSYS by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,254 shares of the software maker’s stock worth $7,728,000 after purchasing an additional 1,876 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business’s 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 sale, the director now owns 3,430 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

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

ANSYS Price Performance

Shares of ANSYS stock opened at $339.17 on Friday. 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, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a 50 day moving average of $343.30 and a 200 day moving average of $331.35. The firm has a market cap of $29.66 billion, a PE ratio of 52.34, a PEG ratio of 3.61 and a beta of 1.12.

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.