Mirae Asset Global Investments Co. Ltd. Lowers Stake in ANSYS, Inc. (NASDAQ:ANSS)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,799 shares of the software maker’s stock after selling 2,790 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ANSYS were worth $8,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ANSS. DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of ANSYS during the third quarter worth $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS in the third quarter valued at $119,000. Asset Dedication LLC grew its position in shares of ANSYS by 35.1% during the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after buying an additional 100 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of ANSYS during the third quarter worth approximately $174,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 0.5 %

ANSYS stock opened at $344.86 on Friday. The stock has a 50 day moving average of $344.34 and a two-hundred day moving average of $330.51. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 3.65 and a beta of 1.12. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ANSS shares. 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 report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report 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.com, ANSYS currently has a consensus rating of “Hold” and an average price target of $346.67.

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.