Advisors Asset Management Inc. Has $1.58 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Advisors Asset Management Inc. decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,954 shares of the software maker’s stock after selling 52 shares during the quarter. Advisors Asset Management Inc.’s holdings in ANSYS were worth $1,578,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ANSS. DT Investment Partners LLC grew its position in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in ANSYS during the second quarter worth approximately $38,000. Bangor Savings Bank grew its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares in 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 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ANSS. Rosenblatt Securities reduced their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Robert W. Baird raised their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Trading Up 0.3 %

Shares of ANSS stock opened at $350.00 on Monday. The stock’s fifty day moving average price is $327.83 and its two-hundred day moving average price is $323.13. The company has a market cap of $30.61 billion, a PE ratio of 54.01, a P/E/G ratio of 3.95 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. 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 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.