Kovitz Investment Group Partners LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 45.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,234 shares of the software maker's stock after purchasing an additional 7,223 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in ANSYS were worth $7,403,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Caldwell Investment Management Ltd. bought a new stake in shares of ANSYS during the 3rd quarter worth $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in 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 acquiring an additional 16,462 shares during the last quarter. KBC Group NV grew its position in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker's stock valued at $35,345,000 after acquiring an additional 19,149 shares during the period. CIBC Asset Management Inc increased its stake in shares of ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock worth $8,640,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of ANSYS by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker's stock worth $5,190,000 after purchasing an additional 1,818 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.
ANSYS Price Performance
Shares of ANSYS stock traded up $0.91 on Friday, reaching $345.30. The stock had a trading volume of 721,532 shares, compared to its average volume of 511,762. The business's 50 day moving average is $333.75 and its two-hundred day moving average is $324.73. The company has a market cap of $30.20 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 4.09 and a beta of 1.10. ANSYS, Inc. has a 1 year low of $283.39 and a 1 year high of $364.31. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on ANSS shares. 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. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $342.50.
View Our Latest Report on ANSS
Insiders Place Their Bets
In related news, Director Glenda Dorchak sold 152 shares of the company'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 value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company's stock.
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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