Barclays PLC Has $77.62 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Barclays PLC lowered its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,591 shares of the software maker's stock after selling 7,670 shares during the period. Barclays PLC owned approximately 0.28% of ANSYS worth $77,615,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in 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 bought a new stake in shares of ANSYS in the second quarter valued at approximately $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS in the second quarter worth $38,000. Bangor Savings Bank increased its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after purchasing an additional 170 shares during the period. Institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ANSS. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Monday. Robert W. Baird increased their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $342.50.

ANSYS Price Performance

Shares of ANSS traded down $2.42 during trading hours on Thursday, hitting $341.58. The stock had a trading volume of 352,572 shares, compared to its average volume of 525,993. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $364.31. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 3.91 and a beta of 1.10. The company's fifty day moving average is $335.29 and its two-hundred day moving average is $325.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the 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 sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company's stock.

ANSYS 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.