KBC Group NV Trims Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

KBC Group NV lessened its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,982 shares of the software maker's stock after selling 6,946 shares during the period. KBC Group NV owned 0.12% of ANSYS worth $35,076,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ANSS. Bangor Savings Bank grew its holdings in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its position in shares of 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 last quarter. Intact Investment Management Inc. purchased a new position in ANSYS during the 3rd quarter worth approximately $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the 3rd quarter worth approximately $119,000. Finally, Asset Dedication LLC raised its position in ANSYS by 35.1% during the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker's stock worth $123,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Price Performance

ANSYS stock traded up $5.34 during trading on Tuesday, reaching $350.23. The company had a trading volume of 418,502 shares, compared to its average volume of 484,005. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. 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 $344.20 and its 200 day simple moving average is $329.19. The firm has a market capitalization of $30.63 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 3.72 and a beta of 1.11.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. 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 note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $346.67.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

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.