ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,200 shares of the software maker’s stock after selling 823 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in ANSYS were worth $1,754,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ANSS. Nomura Asset Management Co. Ltd. lifted its holdings in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after buying an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. bought a new stake in ANSYS during the 3rd quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV increased its position in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 1.0 %

Shares of ANSS opened at $360.36 on Friday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 55.61, a P/E/G ratio of 3.67 and a beta of 1.11. The stock’s 50-day moving average price is $343.13 and its 200 day moving average price is $328.64. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ANSS. Robert W. Baird lifted 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 ANSYS from a “buy” rating to a “hold” rating in a research report 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $346.67.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was 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 approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

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.