ANSYS, Inc. (NASDAQ:ANSS) Stock Position Raised by Swiss National Bank

Swiss National Bank lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 259,100 shares of the software maker’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank’s holdings in ANSYS were worth $82,557,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ANSS. DT Investment Partners LLC boosted its stake in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS during the 2nd quarter worth $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS during the 2nd quarter worth $38,000. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Up 1.2 %

NASDAQ ANSS opened at $336.40 on Tuesday. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The stock’s 50 day moving average is $325.48 and its two-hundred day moving average is $322.51. 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 company 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.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.