ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 26.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,577 shares of the software maker’s stock after buying an additional 1,177 shares during the quarter. Metis Global Partners LLC’s holdings in ANSYS were worth $1,777,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Huntington National Bank grew its position in shares of ANSYS by 11.9% in the 3rd quarter. Huntington National Bank now owns 639 shares of the software maker’s stock worth $204,000 after acquiring an additional 68 shares in the last quarter. KBC Group NV increased its holdings in shares of ANSYS by 20.9% during 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 period. Plato Investment Management Ltd boosted its holdings in shares of ANSYS by 36,680.0% in the third quarter. Plato Investment Management Ltd now owns 1,839 shares of the software maker’s stock valued at $585,000 after acquiring an additional 1,834 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its holdings in ANSYS by 18.9% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 1,140 shares of the software maker’s stock worth $363,000 after purchasing an additional 181 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in shares of ANSYS by 68.8% during the 3rd quarter. Aigen Investment Management LP now owns 3,826 shares of the software maker’s stock valued at $1,219,000 after purchasing an additional 1,560 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Down 2.3 %

NASDAQ ANSS opened at $332.38 on Friday. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. 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 stock’s 50 day moving average is $324.40 and its two-hundred day moving average is $322.35. The company has a market capitalization of $29.07 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 3.90 and a beta of 1.11.

Analyst Upgrades and Downgrades

ANSS has been the topic of several research reports. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird lifted their price target on 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 dropped their target price 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 given a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and a consensus 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.