Clifford Swan Investment Counsel LLC Takes Position in ANSYS, Inc. (ANSS)

Clifford Swan Investment Counsel LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,450 shares of the software maker’s stock, valued at approximately $214,000.

A number of other large investors have also added to or reduced their stakes in ANSS. Rhumbline Advisers boosted its stake in shares of ANSYS by 0.4% during the fourth quarter. Rhumbline Advisers now owns 174,437 shares of the software maker’s stock valued at $25,745,000 after purchasing an additional 671 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of ANSYS by 5.9% during the fourth quarter. Arizona State Retirement System now owns 61,158 shares of the software maker’s stock valued at $9,026,000 after purchasing an additional 3,387 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of ANSYS by 9.2% during the fourth quarter. State of Wisconsin Investment Board now owns 85,716 shares of the software maker’s stock valued at $12,651,000 after purchasing an additional 7,233 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of ANSYS by 143.2% during the fourth quarter. Advisory Services Network LLC now owns 5,027 shares of the software maker’s stock valued at $742,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of ANSYS by 9.4% during the fourth quarter. Toronto Dominion Bank now owns 43,058 shares of the software maker’s stock valued at $6,354,000 after purchasing an additional 3,685 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors and hedge funds.

ANSS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Citigroup lifted their price objective on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $155.00 price objective (up from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Evercore ISI reaffirmed a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research note on Thursday, November 2nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $114.00 price objective (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $128.91.

In other news, VP Mark Hindsbo sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total transaction of $758,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,527 shares of company stock valued at $4,973,622. 1.30% of the stock is currently owned by corporate insiders.

Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $164.14 on Tuesday. The firm has a market capitalization of $13,929.00, a P/E ratio of 46.90 and a beta of 1.07. ANSYS, Inc. has a 1-year low of $99.31 and a 1-year high of $165.50.

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ANSYS Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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