Rockefeller Capital Management L.P. Trims Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Rockefeller Capital Management L.P. lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,866 shares of the software maker’s stock after selling 5,190 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.07% of ANSYS worth $19,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ANSS. Bank of Montreal Can lifted its position in ANSYS by 72.8% in the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after buying an additional 89,840 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of ANSYS in the 2nd quarter worth approximately $27,328,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of ANSYS by 140.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock worth $44,565,000 after purchasing an additional 80,886 shares during the period. Squarepoint Ops LLC increased its holdings in ANSYS by 267.4% in the 2nd quarter. Squarepoint Ops LLC now owns 82,383 shares of the software maker’s stock valued at $26,486,000 after purchasing an additional 59,959 shares during the last quarter. Finally, National Bank of Canada FI raised its position in ANSYS by 38.3% in the second quarter. National Bank of Canada FI now owns 213,510 shares of the software maker’s stock valued at $68,569,000 after purchasing an additional 59,101 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’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 transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS stock opened at $351.10 on Monday. The business’s 50-day moving average is $330.99 and its two-hundred day moving average is $323.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market capitalization of $30.70 billion, a P/E ratio of 54.18, a P/E/G ratio of 3.98 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31.

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.