Gulf International Bank UK Ltd lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,850 shares of the software maker's stock after selling 5,678 shares during the quarter. Gulf International Bank UK Ltd's holdings in ANSYS were worth $2,182,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of ANSS. Impax Asset Management Group plc raised its stake in ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock worth $192,259,000 after acquiring an additional 44,605 shares during the period. QRG Capital Management Inc. raised its stake in ANSYS by 12.9% during the third quarter. QRG Capital Management Inc. now owns 4,052 shares of the software maker's stock worth $1,291,000 after acquiring an additional 463 shares during the period. Asset Management One Co. Ltd. raised its stake in ANSYS by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 33,326 shares of the software maker's stock worth $10,619,000 after acquiring an additional 312 shares during the period. Intact Investment Management Inc. acquired a new stake in ANSYS during the third quarter worth about $70,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in ANSYS by 2.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 26,427 shares of the software maker's stock worth $8,420,000 after acquiring an additional 716 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $333.00.
Get Our Latest Report on ANSS
Insider Buying and Selling
In related news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were 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 approximately $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.
ANSYS Price Performance
Shares of ANSYS stock traded up $21.96 on Thursday, hitting $355.58. The company had a trading volume of 1,434,466 shares, compared to its average volume of 362,986. The business has a 50-day simple moving average of $320.75 and a 200-day simple moving average of $321.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market cap of $31.07 billion, a PE ratio of 62.82, a PEG ratio of 6.95 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31.
ANSYS 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.
Further Reading
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