MassMutual Private Wealth & Trust FSB Purchases 1,520 Shares of ANSYS, Inc. (NASDAQ:ANSS)

MassMutual Private Wealth & Trust FSB grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 950.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,680 shares of the software maker’s stock after acquiring an additional 1,520 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in ANSYS were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ANSS. State Street Corp boosted its holdings 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 purchasing an additional 106,187 shares during the period. Geode Capital Management LLC raised its position in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after buying an additional 37,577 shares in the last quarter. Earnest Partners LLC raised its position in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock valued at $195,160,000 after buying an additional 15,012 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in ANSYS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock worth $169,556,000 after buying an additional 8,706 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

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

ANSYS Trading Up 0.6 %

Shares of ANSS stock opened at $352.07 on Wednesday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock’s fifty day moving average price is $342.73 and its two-hundred day moving average price is $328.29. 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 cap of $30.79 billion, a PE ratio of 54.33, a P/E/G ratio of 3.65 and a beta of 1.11.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

About ANSYS

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.