Commerce Bank Has $4.41 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Commerce Bank reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bangor Savings Bank lifted its position in 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 buying an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after purchasing an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P lifted its position in shares of ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares in the last quarter. Eads & Heald Wealth Management increased its holdings in shares of ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of ANSYS by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at $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 SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS opened at $350.00 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 3.84 and a beta of 1.11. The business has a 50 day simple moving average of $327.83 and a 200 day simple moving average of $323.17. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31.

ANSYS 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.