Swiss National Bank Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Swiss National Bank boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,100 shares of the software maker’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.30% of ANSYS worth $82,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after purchasing an additional 10,164 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in ANSYS by 3.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after purchasing an additional 3,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the last quarter. KBC Group NV boosted its holdings in ANSYS by 20.9% in the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares during the last quarter. Finally, Montanaro Asset Management Ltd boosted its holdings in ANSYS by 4.9% in the third quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock valued at $20,488,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 1.2 %

Shares of ANSYS stock opened at $336.40 on Tuesday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $325.48 and its 200-day simple moving average is $322.51. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

Analyst Upgrades and Downgrades

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

Insider Activity at ANSYS

In other ANSYS 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 transaction 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. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by insiders.

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.