Carnegie Investment Counsel Has $31.45 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Carnegie Investment Counsel boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,225 shares of the software maker’s stock after acquiring an additional 877 shares during the period. ANSYS makes up approximately 0.9% of Carnegie Investment Counsel’s investment portfolio, making the stock its 23rd largest holding. Carnegie Investment Counsel owned 0.11% of ANSYS worth $31,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. D1 Capital Partners L.P. acquired a new position in shares of ANSYS in the third quarter valued at approximately $73,345,000. State Street Corp lifted its position in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. Bank of Montreal Can increased its holdings in ANSYS by 72.8% during the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock worth $69,488,000 after purchasing an additional 89,840 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of ANSYS by 140.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after purchasing an additional 80,886 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $344.42 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a 50 day moving average price of $342.73 and a 200 day moving average price of $327.80. The stock has a market capitalization of $30.12 billion, a PE ratio of 53.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

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.