Commerce Bank lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake 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 worth $4,427,000 after acquiring an additional 10,164 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock valued at $165,299,000 after buying an additional 16,462 shares in the last quarter. KBC Group NV increased its stake in ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker's stock worth $35,345,000 after buying an additional 19,149 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS in the third quarter worth approximately $1,560,000. Finally, CIBC Asset Management Inc raised its stake in ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock valued at $8,640,000 after purchasing an additional 1,518 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSS has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $342.50.
Read Our Latest Stock Analysis on ANSYS
In other ANSYS news, Director Glenda Dorchak sold 152 shares of the 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 transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents 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 this hyperlink. Insiders own 0.46% of the company's stock.
Shares of NASDAQ:ANSS opened at $350.00 on Friday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 54.01, a price-to-earnings-growth ratio of 3.84 and a beta of 1.11. The firm's 50 day moving average price is $327.83 and its 200 day moving average price is $323.17.
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.
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