ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Swedbank AB

Swedbank AB lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,401 shares of the software maker’s stock after buying an additional 438 shares during the period. Swedbank AB’s holdings in ANSYS were worth $2,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DT Investment Partners LLC lifted its position in ANSYS by 888.9% during the second 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 during the period. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the second quarter valued at $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter valued at $38,000. Bangor Savings Bank lifted its position in ANSYS by 32.7% during 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 period. 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 valued at $56,000 after purchasing an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird lifted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $342.50.

ANSYS Stock Down 0.5 %

ANSS stock opened at $348.02 on Thursday. The stock has a market capitalization of $30.43 billion, a P/E ratio of 53.71, a P/E/G ratio of 3.99 and a beta of 1.11. The firm has a 50-day simple moving average of $329.86 and a 200-day simple moving average of $323.63. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the business’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 completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.