Bamco Inc. NY Decreases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Bamco Inc. NY cut its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,612,262 shares of the software maker's stock after selling 103,181 shares during the period. ANSYS comprises approximately 1.4% of Bamco Inc. NY's portfolio, making the stock its 14th largest position. Bamco Inc. NY owned approximately 1.84% of ANSYS worth $513,715,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker's stock worth $4,427,000 after buying an additional 10,164 shares during the period. Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS during the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. KBC Group NV boosted its holdings in ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker's stock valued at $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock worth $8,640,000 after purchasing an additional 1,518 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 0.9 %

Shares of ANSS traded up $3.08 during mid-day trading on Monday, hitting $351.10. The company had a trading volume of 178,734 shares, compared to its average volume of 525,567. The stock has a market cap of $30.70 billion, a PE ratio of 54.18, a P/E/G ratio of 3.98 and a beta of 1.11. The business's 50-day simple moving average is $330.99 and its 200-day simple moving average is $323.90. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. 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 Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

ANSS has been the subject of several research analyst reports. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $342.50.

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.