ANSYS, Inc. (NASDAQ:ANSS) Stock Position Boosted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,038 shares of the software maker’s stock after acquiring an additional 109 shares during the period. Rehmann Capital Advisory Group’s holdings in ANSYS were worth $332,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Caldwell Investment Management Ltd. bought a new position in ANSYS during the third quarter valued at about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after acquiring an additional 16,462 shares during the last quarter. KBC Group NV boosted its position in shares of ANSYS by 20.9% during 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 in the last quarter. CIBC Asset Management Inc boosted its position 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 valued at $8,640,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of ANSYS by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock worth $5,190,000 after purchasing an additional 1,818 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $342.50.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $341.58 on Friday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $364.31. The firm’s 50 day simple moving average is $335.29 and its 200-day simple moving average is $325.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a market cap of $29.87 billion, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 3.91 and a beta of 1.10.

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.