Balentine LLC lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS – Get Rating) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,792 shares of the software maker’s stock after selling 225 shares during the quarter. Balentine LLC’s holdings in ANSYS were worth $433,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in ANSYS by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,725,574 shares of the software maker’s stock valued at $2,156,158,000 after purchasing an additional 115,162 shares during the last quarter. BlackRock Inc. raised its position in ANSYS by 0.7% in the 3rd quarter. BlackRock Inc. now owns 8,798,386 shares of the software maker’s stock valued at $1,950,601,000 after purchasing an additional 58,228 shares during the last quarter. State Street Corp raised its position in ANSYS by 1.1% in the 3rd quarter. State Street Corp now owns 3,408,038 shares of the software maker’s stock valued at $755,562,000 after purchasing an additional 38,605 shares during the last quarter. Pictet Asset Management SA raised its position in ANSYS by 20.9% in the 3rd quarter. Pictet Asset Management SA now owns 1,297,555 shares of the software maker’s stock valued at $287,795,000 after purchasing an additional 224,235 shares during the last quarter. Finally, Northern Trust Corp increased its stake in ANSYS by 5.6% in the 1st quarter. Northern Trust Corp now owns 1,177,783 shares of the software maker’s stock valued at $374,122,000 after buying an additional 62,667 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.
ANSYS Trading Down 0.7 %
Shares of ANSS stock opened at $317.47 on Friday. The firm has a market cap of $27.56 billion, a P/E ratio of 53.00, a PEG ratio of 6.16 and a beta of 1.25. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $333.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.09 and a quick ratio of 2.09. The firm’s 50-day simple moving average is $301.86 and its 200-day simple moving average is $260.95.
Insider Transactions at ANSYS
In related news, SVP Shane Emswiler sold 11,419 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the transaction, the senior vice president now directly owns 32,821 shares in the company, valued at $8,719,883.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Shane Emswiler sold 11,419 shares of ANSYS stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $265.68, for a total transaction of $3,033,799.92. Following the sale, the senior vice president now directly owns 32,821 shares in the company, valued at $8,719,883.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Janet Lee sold 984 shares of ANSYS stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $300.31, for a total transaction of $295,505.04. Following the sale, the senior vice president now owns 24,384 shares in the company, valued at $7,322,759.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,262 shares of company stock valued at $4,517,182. 0.53% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
ANSS has been the topic of several recent research reports. Barclays boosted their price objective on shares of ANSYS from $266.00 to $292.00 in a research note on Thursday. StockNews.com initiated coverage on shares of ANSYS in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Robert W. Baird increased their price objective on shares of ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Oppenheimer increased their price objective on shares of ANSYS from $275.00 to $330.00 in a research note on Thursday, February 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of ANSYS from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $300.33.
About ANSYS
ANSYS, Inc engages in the development and marketing of engineering simulation software and services. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification. The company was founded by John A.
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