Nordea Investment Management AB Sells 36,650 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Nordea Investment Management AB reduced its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 849,441 shares of the software maker's stock after selling 36,650 shares during the period. Nordea Investment Management AB owned 0.97% of ANSYS worth $287,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in ANSYS by 7.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock worth $9,033,000 after purchasing an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. purchased a new position in ANSYS during the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock worth $165,299,000 after purchasing an additional 16,462 shares during the last quarter. KBC Group NV boosted its holdings in ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker's stock worth $35,345,000 after purchasing an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in ANSYS by 5.9% during the third 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. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded up $0.27 during midday trading on Monday, hitting $338.65. The company's stock had a trading volume of 537,757 shares, compared to its average volume of 406,686. The stock has a fifty day moving average price of $340.44 and a 200 day moving average price of $326.89. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 52.26, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03.

Analyst Ratings Changes

Several research firms recently weighed in on ANSS. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $342.50.

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.