ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,580 shares of the software maker’s stock after selling 220 shares during the quarter. Arkadios Wealth Advisors’ holdings in ANSYS were worth $1,545,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. 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 valued at $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 about $70,000. Brooklyn Investment Group purchased a new position in shares of ANSYS in the 3rd quarter worth about $119,000. Finally, Asset Dedication LLC lifted its stake in shares of ANSYS by 35.1% in 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 in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $349.93 on Monday. The firm has a market capitalization of $30.60 billion, a PE ratio of 54.00, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The stock’s 50 day moving average price is $342.66 and its 200 day moving average price is $328.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ANSS shares. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $346.67.

Insider Transactions at ANSYS

In related 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.