ANSYS, Inc. (NASDAQ:ANSS) is North Point Portfolio Managers Corp OH’s 10th Largest Position

North Point Portfolio Managers Corp OH lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,015 shares of the software maker’s stock after selling 1,312 shares during the period. ANSYS makes up about 3.1% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 10th largest holding. North Point Portfolio Managers Corp OH owned 0.06% of ANSYS worth $17,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in ANSYS by 49.6% during the 4th quarter. Pacer Advisors Inc. now owns 24,425 shares of the software maker’s stock valued at $8,239,000 after acquiring an additional 8,103 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of ANSYS in the fourth quarter worth $4,270,000. Blue Trust Inc. grew its holdings in shares of ANSYS by 12.5% in the fourth quarter. Blue Trust Inc. now owns 2,909 shares of the software maker’s stock worth $927,000 after acquiring an additional 324 shares during the period. Cyndeo Wealth Partners LLC purchased a new stake in ANSYS during the fourth quarter valued at $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in ANSYS by 2,593.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,616 shares of the software maker’s stock valued at $545,000 after acquiring an additional 1,556 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ANSS. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird raised their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $346.67.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $357.37 on Monday. The stock’s 50-day simple moving average is $344.03 and its 200-day simple moving average is $329.08. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11.

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.