Gulf International Bank UK Ltd Sells 5,678 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Gulf International Bank UK Ltd decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,850 shares of the software maker’s stock after selling 5,678 shares during the period. Gulf International Bank UK Ltd’s holdings in ANSYS were worth $2,182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB acquired a new position in shares of ANSYS in the 1st quarter worth approximately $128,089,000. M&G Plc acquired a new position in ANSYS during the first quarter worth $115,922,000. Magnetar Financial LLC bought a new position in shares of ANSYS during the first quarter valued at $72,797,000. Matrix Capital Management Company LP acquired a new stake in shares of ANSYS in the 1st quarter valued at $50,338,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of ANSYS by 1,052.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock worth $34,460,000 after purchasing an additional 90,653 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $325.00.

Insider Transactions 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 sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Up 2.8 %

Shares of NASDAQ ANSS opened at $333.62 on Thursday. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31. The firm’s 50-day simple moving average is $320.75 and its 200 day simple moving average is $321.58. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 6.94 and a beta of 1.11.

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.