UBS Asset Management Americas Inc. grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,502 shares of the software maker’s stock after purchasing an additional 12,611 shares during the period. UBS Asset Management Americas Inc.’s holdings in ANSYS were worth $131,878,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ANSS. Perigon Wealth Management LLC purchased a new stake in ANSYS during the 4th quarter worth $32,000. CX Institutional boosted its position in shares of ANSYS by 47.8% in the fourth quarter. CX Institutional now owns 102 shares of the software maker’s stock worth $37,000 after buying an additional 33 shares during the period. Hoover Financial Advisors Inc. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $37,000. BNC Wealth Management LLC purchased a new stake in shares of ANSYS during the 3rd quarter valued at about $38,000. Finally, Sowell Financial Services LLC lifted its position in ANSYS by 116.3% during the 4th quarter. Sowell Financial Services LLC now owns 106 shares of the software maker’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
Shares of ANSS opened at $355.34 on Thursday. The business’s 50-day moving average price is $341.43 and its 200 day moving average price is $344.24. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $30.96 billion, a P/E ratio of 80.39 and a beta of 1.23. ANSYS, Inc. has a 1-year low of $234.21 and a 1-year high of $413.19.
Several research firms have weighed in on ANSS. Credit Suisse Group lowered their target price on shares of ANSYS from $413.00 to $392.00 and set an “outperform” rating for the company in a research note on Thursday, March 4th. Zacks Investment Research cut shares of ANSYS from a “hold” rating to a “strong sell” rating and set a $286.00 price objective for the company. in a report on Thursday, March 4th. Finally, Royal Bank of Canada cut their price target on shares of ANSYS from $400.00 to $380.00 and set a “sector perform” rating for the company in a report on Thursday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. ANSYS presently has an average rating of “Hold” and a consensus target price of $323.63.
In other news, SVP Shane Emswiler sold 5,549 shares of the firm’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $392.69, for a total value of $2,179,036.81. Following the completion of the sale, the senior vice president now owns 27,746 shares of the company’s stock, valued at $10,895,576.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Richard S. Mahoney sold 3,224 shares of ANSYS stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $409.00, for a total value of $1,318,616.00. Following the transaction, the senior vice president now owns 42,411 shares in the company, valued at approximately $17,346,099. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,157 shares of company stock worth $4,873,228. Corporate insiders own 0.58% of the company’s stock.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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