Swedbank AB Increases Position in ANSYS, Inc. (NASDAQ:ANSS)

Swedbank AB boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.5% in the 3rd quarter, Holdings Channel reports. The fund owned 8,401 shares of the software maker’s stock after acquiring an additional 438 shares during the quarter. Swedbank AB’s holdings in ANSYS were worth $2,677,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in ANSYS by 392.9% during 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 in the last quarter. Caldwell Investment Management Ltd. purchased a new stake in ANSYS during the 3rd quarter valued at about $1,560,000. Sumitomo Mitsui Trust Group Inc. grew its stake in ANSYS by 3.3% during 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 in the last quarter. KBC Group NV grew its stake in 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 acquiring an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in ANSYS by 5.9% in 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 during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS stock opened at $348.02 on Thursday. The firm’s 50 day moving average price is $329.86 and its 200-day moving average price is $323.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The firm has a market cap of $30.43 billion, a P/E ratio of 53.71, a P/E/G ratio of 3.99 and a beta of 1.11.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

ANSS has been the topic of several recent analyst reports. Rosenblatt Securities decreased their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $342.50.

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.