National Bank of Canada FI Sells 69,231 Shares of ANSYS, Inc. (NASDAQ:ANSS)

National Bank of Canada FI lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 32.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,279 shares of the software maker's stock after selling 69,231 shares during the period. National Bank of Canada FI owned 0.16% of ANSYS worth $45,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ANSS. State Street Corp lifted its stake in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of ANSYS by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock worth $195,160,000 after acquiring an additional 15,012 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of ANSYS by 8.0% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ANSYS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker's stock worth $169,556,000 after acquiring an additional 8,706 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of ANSYS by 4.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock worth $167,985,000 after acquiring an additional 22,836 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was 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 of the company's stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company's stock.

ANSYS Price Performance

Shares of ANSS traded down $2.79 during mid-day trading on Monday, reaching $342.51. The company had a trading volume of 508,198 shares, compared to its average volume of 528,102. ANSYS, Inc. has a twelve month low of $285.48 and a twelve month high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company's 50-day moving average is $334.22 and its 200-day moving average is $324.82. The company has a market capitalization of $29.95 billion, a P/E ratio of 52.86, a P/E/G ratio of 3.91 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages recently weighed in on ANSS. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $342.50.

ANSYS Company 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.