ANSYS, Inc. (NASDAQ:ANSS) Holdings Trimmed by Brown Capital Management LLC

Brown Capital Management LLC decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 16.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 458,964 shares of the software maker’s stock after selling 89,830 shares during the quarter. ANSYS accounts for 3.1% of Brown Capital Management LLC’s holdings, making the stock its 15th largest position. Brown Capital Management LLC’s holdings in ANSYS were worth $146,240,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ANSS. DT Investment Partners LLC raised its holdings in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS in the second quarter valued at $38,000. Bangor Savings Bank boosted its position in shares of ANSYS by 32.7% in the third 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 period. Finally, DiNuzzo Private Wealth Inc. raised its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Performance

ANSS opened at $342.24 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The company has a market cap of $29.93 billion, a PE ratio of 52.81, a price-to-earnings-growth ratio of 3.84 and a beta of 1.11. The stock has a 50-day moving average of $326.59 and a 200-day moving average of $322.79. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

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.