ANSYS, Inc. (NASDAQ:ANSS) is Melqart Asset Management UK Ltd’s 3rd Largest Position

Melqart Asset Management UK Ltd increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 237,433 shares of the software maker’s stock after purchasing an additional 34,849 shares during the period. ANSYS comprises 6.8% of Melqart Asset Management UK Ltd’s holdings, making the stock its 3rd largest holding. Melqart Asset Management UK Ltd’s holdings in ANSYS were worth $75,653,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of ANSYS by 392.9% in the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after acquiring an additional 10,164 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new position in ANSYS during the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the last quarter. KBC Group NV grew its position in ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after purchasing an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc raised its stake 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 buying an additional 1,518 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were 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 directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ANSS shares. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note 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 research note on Tuesday, August 6th. Finally, Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $342.50.

ANSYS Trading Up 0.2 %

Shares of ANSYS stock opened at $351.05 on Wednesday. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The firm’s 50-day moving average price is $332.11 and its 200 day moving average price is $324.23. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $30.70 billion, a PE ratio of 54.17, a P/E/G ratio of 3.97 and a beta of 1.10.

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.