M&G Plc Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

M&G Plc boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 350,325 shares of the software maker’s stock after buying an additional 18,164 shares during the quarter. M&G Plc owned approximately 0.40% of ANSYS worth $111,754,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Crestwood Advisors Group LLC increased its position in shares of ANSYS by 4.8% during the 3rd quarter. Crestwood Advisors Group LLC now owns 1,459 shares of the software maker’s stock valued at $465,000 after purchasing an additional 67 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after purchasing an additional 44,605 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of ANSYS by 12.9% during the 3rd quarter. QRG Capital Management Inc. now owns 4,052 shares of the software maker’s stock valued at $1,291,000 after purchasing an additional 463 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of ANSYS by 0.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 33,326 shares of the software maker’s stock valued at $10,619,000 after purchasing an additional 312 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of ANSYS during the 3rd quarter valued at $70,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on ANSS shares. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $325.00.

ANSYS Stock Up 2.8 %

Shares of NASDAQ ANSS 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 business has a 50-day simple moving average of $320.75 and a two-hundred day simple moving average of $321.58. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company 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.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.