Xact Kapitalforvaltning AB acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, Holdings Channel reports. The firm acquired 14,203 shares of the company’s stock, valued at approximately $1,315,000.
Other hedge funds have also recently bought and sold shares of the company. Riverbridge Partners LLC raised its stake in ANSYS by 30.0% in the second quarter. Riverbridge Partners LLC now owns 644,418 shares of the company’s stock worth $58,481,000 after buying an additional 148,714 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of ANSYS by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 312,561 shares of the company’s stock worth $28,365,000 after buying an additional 43,011 shares during the period. Sei Investments Co. raised its stake in shares of ANSYS by 17.7% in the third quarter. Sei Investments Co. now owns 39,679 shares of the company’s stock worth $3,675,000 after buying an additional 5,964 shares during the period. New York State Common Retirement Fund raised its stake in shares of ANSYS by 3.5% in the third quarter. New York State Common Retirement Fund now owns 1,054,026 shares of the company’s stock worth $97,613,000 after buying an additional 35,226 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of ANSYS by 20.7% in the third quarter. TIAA CREF Investment Management LLC now owns 258,974 shares of the company’s stock worth $23,984,000 after buying an additional 44,346 shares during the period. Institutional investors own 94.48% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) traded up 0.56% during trading on Friday, reaching $96.86. 485,038 shares of the company’s stock were exchanged. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 32.93 and a beta of 1.01. The stock’s 50-day moving average price is $94.05 and its 200-day moving average price is $93.23. ANSYS, Inc. has a 52-week low of $81.41 and a 52-week high of $98.99.
A number of analysts recently issued reports on ANSS shares. Barclays PLC lowered shares of ANSYS from an “equal weight” rating to an “underweight” rating and set a $88.00 price target for the company. in a research note on Friday, January 6th. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of ANSYS in a research note on Friday, November 4th. Needham & Company LLC started coverage on shares of ANSYS in a research note on Tuesday, November 22nd. They issued a “hold” rating for the company. Pacific Crest restated a “hold” rating on shares of ANSYS in a research note on Friday, November 4th. Finally, J P Morgan Chase & Co lowered shares of ANSYS from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. ANSYS currently has a consensus rating of “Hold” and an average price target of $89.33.
In other ANSYS news, VP Sheila S. Dinardo sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $93.47, for a total transaction of $280,410.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.72% of the stock is owned by corporate insiders.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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