Skandinaviska Enskilda Banken AB publ Grows Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Skandinaviska Enskilda Banken AB publ lifted its holdings in ANSYS, Inc. (NASDAQ:ANSSFree Report) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,823 shares of the software maker’s stock after purchasing an additional 634 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of ANSYS worth $16,313,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. West Tower Group LLC bought a new position in shares of ANSYS in the 2nd quarter worth approximately $31,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of ANSYS by 276.9% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 98 shares of the software maker’s stock worth $32,000 after purchasing an additional 72 shares during the period. KB Financial Partners LLC lifted its stake in shares of ANSYS by 854.5% in the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after purchasing an additional 94 shares during the period. Gyon Technologies Capital Management LP bought a new position in shares of ANSYS in the 4th quarter worth approximately $37,000. Finally, Covestor Ltd lifted its stake in shares of ANSYS by 327.8% in the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock worth $49,000 after purchasing an additional 118 shares during the period. Institutional investors own 90.21% of the company’s stock.

ANSYS Trading Down 0.9 %

ANSYS stock opened at $342.28 on Friday. The stock has a market cap of $29.73 billion, a P/E ratio of 61.78, a PEG ratio of 6.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 2.43. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm’s 50 day moving average price is $329.67 and its 200-day moving average price is $310.57.

Insider Activity

In related news, CEO Ajei Gopal sold 9,566 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total transaction of $2,853,442.14. Following the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $63,827,199.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Ajei Gopal sold 9,566 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total transaction of $2,853,442.14. Following the sale, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $63,827,199.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ANSS shares. Bank of America cut shares of ANSYS from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $356.00 to $295.00 in a research note on Tuesday, November 14th. Oppenheimer decreased their target price on shares of ANSYS from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price (up previously from $332.00) on shares of ANSYS in a research note on Wednesday, January 17th. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, StockNews.com began coverage on shares of ANSYS in a research note on Sunday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $317.20.

View Our Latest Report on ANSS

About ANSYS

(Free Report)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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