Principal Financial Group Inc. lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 563,427 shares of the software maker's stock after selling 2,712 shares during the period. Principal Financial Group Inc. owned 0.64% of ANSYS worth $179,525,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. DT Investment Partners LLC raised its position in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS in the second quarter valued at $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS during the 2nd quarter valued at $38,000. Bangor Savings Bank boosted its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its holdings in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after buying an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
ANSYS Price Performance
Shares of NASDAQ ANSS traded down $14.06 during trading hours on Friday, reaching $341.52. 614,659 shares of the stock traded hands, compared to its average volume of 528,710. The company has a market capitalization of $29.85 billion, a P/E ratio of 62.82, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11. The company's 50-day simple moving average is $320.75 and its two-hundred day simple moving average is $321.58. 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 52-week low of $275.81 and a 52-week high of $364.31.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. Finally, Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, ANSYS presently has a consensus rating of "Hold" and a consensus price target of $333.00.
Check Out Our Latest Analysis on ANSS
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.46% of the company's stock.
About ANSYS
(
Free Report)
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.
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