L. Roy Papp & Associates LLP trimmed its position in ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,206 shares of the software maker’s stock after selling 415 shares during the period. L. Roy Papp & Associates LLP’s holdings in ANSYS were worth $3,105,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. bought a new stake in ANSYS during the third quarter worth $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS by 3.3% in 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 grew its stake in ANSYS by 20.9% in the 3rd 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 period. Finally, CIBC Asset Management Inc raised its stake in shares of ANSYS by 5.9% during the 3rd 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 period. Hedge funds and other institutional investors own 92.39% of the company’s stock.
Analyst Upgrades and Downgrades
ANSS has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $346.67.
Insider Buying and Selling
In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.
ANSYS Stock Performance
Shares of ANSS opened at $341.43 on Wednesday. The firm has a market cap of $29.86 billion, a PE ratio of 52.69, a PEG ratio of 3.61 and a beta of 1.12. The stock’s fifty day moving average price is $344.04 and its two-hundred day moving average price is $331.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.
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.
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