Atria Investments Inc Sells 404 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Atria Investments Inc lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,571 shares of the software maker’s stock after selling 404 shares during the quarter. Atria Investments Inc’s holdings in ANSYS were worth $4,005,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ANSS. Swedbank AB bought a new stake in shares of ANSYS during the first quarter valued at approximately $128,089,000. M&G Plc bought a new position in shares of ANSYS during the first quarter valued at approximately $115,922,000. Magnetar Financial LLC bought a new position in shares of ANSYS in the first quarter worth about $72,797,000. Matrix Capital Management Company LP purchased a new position in ANSYS in the 1st quarter worth about $50,338,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of ANSYS by 1,052.9% in the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock valued at $34,460,000 after purchasing an additional 90,653 shares during the period. Institutional investors own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Down 0.5 %

Shares of ANSS stock opened at $344.48 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The stock has a 50 day moving average of $322.38 and a 200 day moving average of $322.00. The stock has a market cap of $30.12 billion, a P/E ratio of 53.16, a P/E/G ratio of 7.33 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ANSS shares. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $333.00.

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.