ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 392.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,876 shares of the software maker's stock after purchasing an additional 3,089 shares during the period. Fifth Third Wealth Advisors LLC's holdings in ANSYS were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Earnest Partners LLC boosted its position in shares of ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock worth $195,160,000 after buying an additional 15,012 shares during the period. Impax Asset Management Group plc grew its position in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock valued at $192,259,000 after acquiring an additional 44,605 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock worth $167,985,000 after purchasing an additional 22,836 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of ANSYS by 1.6% in the second quarter. Sei Investments Co. now owns 423,892 shares of the software maker's stock valued at $136,281,000 after purchasing an additional 6,867 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Analyst Ratings Changes

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

ANSYS Stock Performance

ANSYS stock traded up $2.72 during mid-day trading on Wednesday, reaching $342.24. 460,018 shares of the company were exchanged, compared to its average volume of 525,861. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm's 50-day simple moving average is $326.10 and its two-hundred day simple moving average is $322.65. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The firm has a market cap of $29.93 billion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction on 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 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

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.