Stifel Financial Corp Has $12.78 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Stifel Financial Corp trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 32.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,113 shares of the software maker's stock after selling 19,230 shares during the quarter. Stifel Financial Corp's holdings in ANSYS were worth $12,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ANSS. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS during the second quarter worth about $32,000. Rothschild Investment LLC acquired a new position in ANSYS in the 2nd quarter valued at $38,000. Bangor Savings Bank increased its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after buying an additional 170 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded down $2.42 during midday trading on Thursday, hitting $341.58. 352,572 shares of the company's stock were exchanged, compared to its average volume of 525,993. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $364.31. The firm has a market cap of $29.87 billion, a P/E ratio of 53.09, a PEG ratio of 3.91 and a beta of 1.10. The stock's 50 day moving average price is $335.29 and its 200-day moving average price is $325.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm'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 completion of the transaction, the director now owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

ANSS has been the subject of a number of research reports. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.