TD Private Client Wealth LLC Sells 192 Shares of ANSYS, Inc. (NASDAQ:ANSS)

TD Private Client Wealth LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 61.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121 shares of the software maker’s stock after selling 192 shares during the period. TD Private Client Wealth LLC’s holdings in ANSYS were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. DT Investment Partners LLC boosted its position in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS in the 2nd quarter worth $32,000. Rothschild Investment LLC purchased a new stake in ANSYS in the 2nd quarter worth $38,000. Bangor Savings Bank raised its holdings in 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 acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position 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 acquiring an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Performance

NASDAQ ANSS opened at $342.61 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $364.31. The business has a 50 day simple moving average of $336.94 and a two-hundred day simple moving average of $325.35. The stock has a market capitalization of $29.96 billion, a PE ratio of 52.87, a P/E/G ratio of 3.89 and a beta of 1.10.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on 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 transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on ANSS. Robert W. Baird increased 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. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

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.