Congress Asset Management Co. Sells 2,396 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Congress Asset Management Co. lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 79.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 620 shares of the software maker’s stock after selling 2,396 shares during the quarter. Congress Asset Management Co.’s holdings in ANSYS were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after acquiring an additional 37,577 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after purchasing an additional 8,706 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after purchasing an additional 6,786 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird increased their price objective 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. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $346.67.

Insider Buying and Selling at ANSYS

In other 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 transaction of $67,324.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $338.58 on Wednesday. The business has a 50 day moving average of $343.00 and a 200-day moving average of $332.13. The company has a market capitalization of $29.61 billion, a P/E ratio of 52.25, a P/E/G ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. 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 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.