Ownership Capital B.V. Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Ownership Capital B.V. trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 638,948 shares of the software maker's stock after selling 136,596 shares during the quarter. ANSYS accounts for approximately 6.5% of Ownership Capital B.V.'s investment portfolio, making the stock its 3rd biggest holding. Ownership Capital B.V. owned 0.73% of ANSYS worth $203,588,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in ANSYS in the 1st quarter valued at about $231,000. SG Americas Securities LLC increased its holdings in shares of ANSYS by 25.5% during the 1st quarter. SG Americas Securities LLC now owns 9,968 shares of the software maker's stock worth $3,460,000 after buying an additional 2,026 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of ANSYS by 15.1% during the 1st quarter. Forsta AP Fonden now owns 19,100 shares of the software maker's stock worth $6,631,000 after buying an additional 2,500 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of ANSYS by 27.9% during the 1st quarter. Inspire Investing LLC now owns 10,255 shares of the software maker's stock worth $3,560,000 after buying an additional 2,237 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of ANSYS during the 1st quarter worth approximately $3,480,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Down 3.8 %

Shares of ANSYS stock traded down $13.40 during midday trading on Friday, hitting $342.18. The company's stock had a trading volume of 777,113 shares, compared to its average volume of 385,321. The firm has a market capitalization of $29.90 billion, a P/E ratio of 52.81, a PEG ratio of 7.15 and a beta of 1.11. The stock has a 50-day simple moving average of $321.88 and a 200-day simple moving average of $321.91. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANSS. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $333.00.

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.