M&G Plc Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

M&G Plc lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 350,325 shares of the software maker’s stock after purchasing an additional 18,164 shares during the quarter. M&G Plc’s holdings in ANSYS were worth $111,754,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in shares of ANSYS by 392.9% during the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares in the last quarter. Russell Investments Group Ltd. increased its stake in ANSYS by 33.7% in the 1st quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker’s stock worth $47,157,000 after purchasing an additional 34,244 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in ANSYS by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock worth $38,499,000 after purchasing an additional 3,413 shares during the period. State Board of Administration of Florida Retirement System increased its stake in ANSYS by 3.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 100,816 shares of the software maker’s stock worth $33,552,000 after purchasing an additional 3,611 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in ANSYS by 594.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker’s stock worth $8,627,000 after purchasing an additional 21,271 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS stock opened at $333.62 on Thursday. The firm has a market cap of $29.15 billion, a P/E ratio of 58.94, a P/E/G ratio of 6.94 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The business’s 50 day moving average price is $320.75 and its 200-day moving average price is $321.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on ANSS. Rosenblatt Securities decreased their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $325.00.

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.