Chevy Chase Trust Holdings LLC Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Chevy Chase Trust Holdings LLC cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 46,259 shares of the software maker’s stock after selling 1,190 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in ANSYS were worth $15,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Merchants Corp grew its stake in shares of ANSYS by 1.6% during the 4th quarter. First Merchants Corp now owns 10,095 shares of the software maker’s stock worth $3,405,000 after purchasing an additional 156 shares during the period. Catalyst Financial Partners LLC acquired a new position in shares of ANSYS during the 4th quarter worth $210,000. Phraction Management LLC acquired a new position in shares of ANSYS during the 4th quarter worth $1,716,000. Fiera Capital Corp grew its stake in shares of ANSYS by 8.8% during the 4th quarter. Fiera Capital Corp now owns 168,992 shares of the software maker’s stock worth $57,006,000 after purchasing an additional 13,678 shares during the period. Finally, Portfolio Design Labs LLC acquired a new position in shares of ANSYS during the 4th quarter worth $279,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ANSS. 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 cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $346.67.

ANSYS Price Performance

ANSYS stock opened at $338.93 on Friday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The stock has a market capitalization of $29.64 billion, a P/E ratio of 52.30, a P/E/G ratio of 3.61 and a beta of 1.12. The firm’s 50-day moving average is $343.07 and its two-hundred day moving average is $331.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred 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 directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.