Fmr LLC Cuts Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

FMR LLC reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 57.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,718 shares of the software maker's stock after selling 178,089 shares during the period. FMR LLC owned about 0.15% of ANSYS worth $41,332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in ANSYS by 72.8% in the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker's stock worth $69,488,000 after purchasing an additional 89,840 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of ANSYS during the 2nd quarter valued at $27,328,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in ANSYS by 140.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker's stock worth $44,565,000 after acquiring an additional 80,886 shares during the last quarter. Squarepoint Ops LLC grew its holdings in ANSYS by 267.4% in the 2nd quarter. Squarepoint Ops LLC now owns 82,383 shares of the software maker's stock worth $26,486,000 after acquiring an additional 59,959 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of ANSYS by 38.3% in the 2nd quarter. National Bank of Canada FI now owns 213,510 shares of the software maker's stock worth $68,569,000 after purchasing an additional 59,101 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Trading Up 0.3 %

Shares of ANSYS stock traded up $0.91 during trading on Friday, hitting $345.30. The stock had a trading volume of 721,532 shares, compared to its average volume of 511,762. The firm's fifty day simple moving average is $333.75 and its 200-day simple moving average is $324.73. The stock has a market cap of $30.20 billion, a PE ratio of 53.29, a PEG ratio of 4.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 12 month low of $283.39 and a 12 month high of $364.31.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ANSS shares. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $342.50.

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.