Inspire Investing LLC Sells 384 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Inspire Investing LLC reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,422 shares of the software maker’s stock after selling 384 shares during the quarter. Inspire Investing LLC’s holdings in ANSYS were worth $2,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bangor Savings Bank boosted its position in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of ANSYS in the third quarter worth about $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the 3rd quarter valued at approximately $119,000. Finally, Asset Dedication LLC increased its stake in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ANSS. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average target price of $346.67.

Insiders Place Their Bets

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

ANSYS Stock Up 1.3 %

ANSYS stock opened at $356.63 on Thursday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a market cap of $31.19 billion, a PE ratio of 55.04, a PEG ratio of 3.67 and a beta of 1.11. 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 business’s 50-day simple moving average is $343.13 and its two-hundred day simple moving average is $328.64.

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.