Asset Management One Co. Ltd. Has $10.62 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Asset Management One Co. Ltd. boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,326 shares of the software maker’s stock after buying an additional 312 shares during the period. Asset Management One Co. Ltd.’s holdings in ANSYS were worth $10,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. Gardner Lewis Asset Management L P lifted its stake in ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares during the period. Eads & Heald Wealth Management grew its stake in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares during the period. PFG Advisors raised its holdings in shares of ANSYS by 0.4% in the 2nd quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock worth $3,960,000 after buying an additional 46 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of ANSYS by 0.4% during the 3rd quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after buying an additional 46 shares during the period. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday. Rosenblatt Securities lowered 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. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, ANSYS currently has an average rating of “Hold” and an average price target of $325.00.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s 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 transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSYS stock opened at $333.62 on Thursday. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. The firm has a market cap of $29.15 billion, a P/E ratio of 58.94, a P/E/G ratio of 6.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The business’s fifty day moving average is $320.75 and its two-hundred day moving average is $321.58.

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.