Healthcare of Ontario Pension Plan Trust Fund Trims Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,612 shares of the software maker’s stock after selling 72,003 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.08% of ANSYS worth $21,225,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Bangor Savings Bank increased its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after buying an additional 37 shares during the last quarter. Gardner Lewis Asset Management L P increased its position in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after buying an additional 40 shares in the last quarter. Eads & Heald Wealth Management raised its stake in ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after buying an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in ANSYS by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after acquiring an additional 42 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Rosenblatt Securities decreased their target price on shares of 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 increased their price target 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $342.50.

ANSYS Price Performance

NASDAQ ANSS opened at $348.02 on Friday. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The stock has a 50-day moving average of $330.37 and a 200 day moving average of $323.80. 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 market capitalization of $30.43 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 3.99 and a beta of 1.11.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.46% of the company’s stock.

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.