Ninety One North America Inc. Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Ninety One North America Inc. lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,430 shares of the software maker’s stock after buying an additional 216 shares during the quarter. Ninety One North America Inc.’s holdings in ANSYS were worth $18,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANSS. AQR Capital Management LLC grew its position in shares of ANSYS by 21.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker’s stock worth $875,000 after buying an additional 483 shares during the last quarter. Handelsbanken Fonder AB grew its position in ANSYS by 9.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 18,410 shares of the software maker’s stock worth $5,866,000 after purchasing an additional 1,574 shares during the last quarter. Czech National Bank grew its position in ANSYS by 7.0% during the 3rd quarter. Czech National Bank now owns 17,801 shares of the software maker’s stock worth $5,672,000 after purchasing an additional 1,166 shares during the last quarter. GAMMA Investing LLC grew its position in ANSYS by 7.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,379 shares of the software maker’s stock worth $439,000 after purchasing an additional 93 shares during the last quarter. Finally, Fulton Bank N.A. grew its position in ANSYS by 7.5% during the 3rd quarter. Fulton Bank N.A. now owns 1,177 shares of the software maker’s stock worth $375,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $345.38 on Tuesday. 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 company has a fifty day moving average of $344.55 and a two-hundred day moving average of $329.83. The stock has a market capitalization of $30.20 billion, a PE ratio of 53.30, a P/E/G ratio of 3.65 and a beta of 1.12. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus target price of $346.67.

ANSYS Company 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.