ARK Investment Management LLC lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,085 shares of the software maker's stock after selling 12,477 shares during the period. ARK Investment Management LLC's holdings in ANSYS were worth $12,135,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. DT Investment Partners LLC lifted its holdings in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $29,000 after buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank lifted its holdings in shares of 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 last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 92.39% of the company's stock.
Insider Activity
In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.
Analysts Set New Price Targets
Several brokerages recently issued reports on ANSS. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday. Two 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $333.00.
Read Our Latest Analysis on ANSYS
ANSYS Stock Performance
ANSS traded down $13.40 during trading hours on Friday, hitting $342.18. The company's stock had a trading volume of 777,060 shares, compared to its average volume of 529,433. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $29.90 billion, a PE ratio of 60.46, a PEG ratio of 6.95 and a beta of 1.11. The company has a 50-day simple moving average of $321.88 and a 200 day simple moving average of $321.93.
ANSYS Company Profile
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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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