ANSYS, Inc. (NASDAQ:ANSS) is Ownership Capital B.V.’s 3rd Largest Position

Ownership Capital B.V. cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 17.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 638,948 shares of the software maker’s stock after selling 136,596 shares during the period. ANSYS makes up 6.5% of Ownership Capital B.V.’s portfolio, making the stock its 3rd biggest holding. Ownership Capital B.V.’s holdings in ANSYS were worth $203,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ANSS. Verdence Capital Advisors LLC boosted its holdings in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after acquiring an additional 42 shares during the period. Executive Wealth Management LLC lifted its position in shares of ANSYS by 20.7% during the third quarter. Executive Wealth Management LLC now owns 7,112 shares of the software maker’s stock worth $2,266,000 after purchasing an additional 1,221 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in shares of ANSYS by 3.4% in the third quarter. Tandem Investment Advisors Inc. now owns 11,411 shares of the software maker’s stock valued at $3,636,000 after purchasing an additional 375 shares during the period. M&G PLC grew its holdings in shares of ANSYS by 5.5% in the third quarter. M&G PLC now owns 350,325 shares of the software maker’s stock valued at $111,754,000 after purchasing an additional 18,164 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in ANSYS by 4.8% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,459 shares of the software maker’s stock worth $465,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

ANSYS stock opened at $342.18 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $321.88 and a 200-day simple moving average of $321.93. The stock has a market cap of $29.90 billion, a P/E ratio of 52.81, a price-to-earnings-growth ratio of 7.15 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $333.00.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by insiders.

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.