ANSYS, Inc. (NASDAQ:ANSS) is Harvey Investment Co. LLC’s 6th Largest Position

Harvey Investment Co. LLC cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,886 shares of the software maker’s stock after selling 2,145 shares during the period. ANSYS accounts for 3.8% of Harvey Investment Co. LLC’s portfolio, making the stock its 6th biggest position. Harvey Investment Co. LLC owned approximately 0.11% of ANSYS worth $33,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stock Yards Bank & Trust Co. increased its position in ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust increased its position in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. raised its stake in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares in the last quarter. BTC Capital Management Inc. lifted its holdings in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ANSS shares. 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 downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $346.67.

ANSYS Stock Performance

Shares of ANSS opened at $346.62 on Friday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $30.31 billion, a P/E ratio of 53.49, a P/E/G ratio of 3.65 and a beta of 1.12. The business’s 50 day moving average price is $344.34 and its 200-day moving average price is $330.51.

About ANSYS

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.