State Street Corp Has $1.18 Billion Holdings in ANSYS, Inc. (NASDAQ:ANSS)

State Street Corp grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,703,249 shares of the software maker's stock after acquiring an additional 106,187 shares during the quarter. State Street Corp owned about 4.23% of ANSYS worth $1,179,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Caldwell Investment Management Ltd. bought a new position in shares of ANSYS in the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of ANSYS by 3.3% during 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 purchasing an additional 16,462 shares during the last quarter. KBC Group NV lifted its holdings in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker's stock valued at $35,345,000 after purchasing an additional 19,149 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock valued at $8,640,000 after purchasing an additional 1,518 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in ANSYS by 12.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker's stock worth $5,190,000 after buying an additional 1,818 shares during the period. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Up 0.3 %

NASDAQ ANSS 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. ANSYS, Inc. has a 1 year low of $283.39 and a 1 year high of $364.31. The business has a 50 day moving average price of $333.75 and a 200 day moving average price of $324.73. 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 company has a market capitalization of $30.20 billion, a price-to-earnings ratio of 53.29, a P/E/G ratio of 4.09 and a beta of 1.10.

Analysts Set New Price Targets

Several research analysts have commented on ANSS shares. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, ANSYS presently has an average rating of "Hold" and an average price target of $342.50.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was 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 hyperlink. Corporate insiders own 0.46% of the company's stock.

About ANSYS

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.