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

Congress Asset Management Co. lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 79.4% during the fourth quarter, Holdings Channel reports. The fund 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 institutional investors and hedge funds have also bought and sold shares of ANSS. Stock Yards Bank & Trust Co. boosted its position in shares of ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares in the last quarter. Greenleaf Trust raised its stake in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. boosted its holdings in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares in the last quarter. BTC Capital Management Inc. grew its stake in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after acquiring an additional 36 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares during the period. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $338.58 on Wednesday. The stock 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 price-to-earnings ratio of 52.25, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

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

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company 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.