US Bancorp DE Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

US Bancorp DE raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,911 shares of the software maker’s stock after purchasing an additional 617 shares during the quarter. US Bancorp DE’s holdings in ANSYS were worth $8,575,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in ANSYS by 4.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,082 shares of the software maker’s stock valued at $723,000 after buying an additional 86 shares during the period. Norden Group LLC purchased a new stake in shares of ANSYS in the 1st quarter valued at approximately $231,000. Mission Wealth Management LP lifted its holdings in shares of ANSYS by 5.7% in the 1st quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock worth $263,000 after acquiring an additional 41 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of ANSYS by 74.7% during the 1st quarter. BNP Paribas Financial Markets now owns 122,535 shares of the software maker’s stock worth $42,539,000 after purchasing an additional 52,396 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in ANSYS by 2,800.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock valued at $60,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the firm’s 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 sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Up 1.0 %

ANSYS stock opened at $323.75 on Monday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The firm has a market capitalization of $28.29 billion, a P/E ratio of 57.20, a P/E/G ratio of 6.87 and a beta of 1.11. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $320.18 and its 200-day simple moving average is $321.48.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Rosenblatt Securities cut 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $325.00.

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.