Ninety One North America Inc. Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Ninety One North America Inc. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,430 shares of the software maker’s stock after buying an additional 216 shares during the period. Ninety One North America Inc. owned approximately 0.06% of ANSYS worth $18,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Stock Yards Bank & Trust Co. grew its stake in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares in the last quarter. Greenleaf Trust grew its stake in shares of ANSYS by 0.9% in the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares in the last quarter. Bangor Savings Bank grew its stake in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after acquiring an additional 34 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its holdings in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after acquiring an additional 36 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Down 1.5 %

Shares of ANSS opened at $345.38 on Tuesday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a 50-day moving average of $344.55 and a 200 day moving average of $329.83. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 53.30, a PEG ratio of 3.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ANSS. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $346.67.

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.