Paloma Partners Management Co Has $928,000 Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Paloma Partners Management Co reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 41.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,911 shares of the software maker's stock after selling 2,080 shares during the period. Paloma Partners Management Co's holdings in ANSYS were worth $928,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ANSS. Cetera Investment Advisers lifted its position in shares of ANSYS by 392.9% during the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker's stock worth $4,427,000 after purchasing an additional 10,164 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS during the third quarter worth approximately $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 period. KBC Group NV grew its stake in shares of ANSYS by 20.9% in the third quarter. KBC Group NV now owns 110,928 shares of the software maker's stock worth $35,345,000 after acquiring an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position 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 acquiring an additional 1,518 shares during the period. Institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ANSS. Robert W. Baird raised their price target 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 downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, ANSYS has a consensus rating of "Hold" and an average price target of $342.50.

ANSYS Price Performance

NASDAQ:ANSS traded up $0.54 during mid-day trading on Tuesday, hitting $351.05. The company's stock had a trading volume of 437,543 shares, compared to its average volume of 513,691. The company has a market capitalization of $30.70 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 3.97 and a beta of 1.10. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The stock has a fifty day moving average of $332.11 and a 200-day moving average of $324.23.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company's 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 sale, the director now directly owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by 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.