ANSYS, Inc. (NASDAQ:ANSS) Holdings Lowered by Commerce Bank

Commerce Bank cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,829 shares of the software maker’s stock after selling 1,644 shares during the period. Commerce Bank’s holdings in ANSYS were worth $4,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. DT Investment Partners LLC grew its holdings 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 acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in shares of ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank raised its holdings in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were 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 directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS opened at $350.00 on Friday. The firm has a market capitalization of $30.61 billion, a P/E ratio of 54.01, a PEG ratio of 3.84 and a beta of 1.11. The stock has a fifty day moving average of $327.83 and a 200-day moving average of $323.17. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ANSS. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $342.50.

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.