KBC Group NV lifted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,928 shares of the software maker's stock after acquiring an additional 19,149 shares during the quarter. KBC Group NV owned approximately 0.13% of ANSYS worth $35,345,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ANSS. DT Investment Partners LLC lifted its position in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank lifted its position in 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 buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in 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 buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSYS Stock Performance
NASDAQ ANSS traded down $7.90 during midday trading on Friday, hitting $332.38. The company had a trading volume of 527,036 shares, compared to its average volume of 527,067. The firm has a fifty day simple moving average of $324.40 and a two-hundred day simple moving average of $322.35. The stock has a market cap of $29.07 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 3.90 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ANSS. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of "Hold" and a consensus price target of $342.50.
Read Our Latest Research Report on ANSYS
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated 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 transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by insiders.
About ANSYS
(
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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