Buckhead Capital Management LLC Has $537,000 Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Buckhead Capital Management LLC lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,591 shares of the software maker’s stock after selling 74 shares during the period. Buckhead Capital Management LLC’s holdings in ANSYS were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Phraction Management LLC acquired a new position in ANSYS during the 4th quarter worth approximately $1,716,000. Fiera Capital Corp grew its stake in shares of ANSYS by 8.8% during the fourth quarter. Fiera Capital Corp now owns 168,992 shares of the software maker’s stock worth $57,006,000 after buying an additional 13,678 shares during the last quarter. Portfolio Design Labs LLC acquired a new position in shares of ANSYS during the fourth quarter worth $279,000. Savant Capital LLC bought a new position in shares of ANSYS in the 4th quarter valued at $203,000. Finally, Apollon Wealth Management LLC boosted its holdings in shares of ANSYS by 17.6% during the 4th quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock valued at $431,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $339.17 on Friday. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a fifty day simple moving average of $343.30 and a 200 day simple moving average of $331.35. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s 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 sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ANSS. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock 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.