Impax Asset Management Group plc Has $192.26 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Impax Asset Management Group plc lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 603,394 shares of the software maker’s stock after purchasing an additional 44,605 shares during the period. Impax Asset Management Group plc’s holdings in ANSYS were worth $192,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers increased its holdings in shares of ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after purchasing an additional 10,164 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in ANSYS by 33.7% during the 1st quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker’s stock worth $47,157,000 after acquiring an additional 34,244 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in ANSYS by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock worth $38,499,000 after acquiring an additional 3,413 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in ANSYS by 3.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 100,816 shares of the software maker’s stock worth $33,552,000 after acquiring an additional 3,611 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in ANSYS by 594.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker’s stock worth $8,627,000 after acquiring an additional 21,271 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ANSS. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $325.00.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Trading Up 0.1 %

Shares of NASDAQ ANSS opened at $324.16 on Tuesday. The company’s fifty day moving average is $320.27 and its 200-day moving average is $321.48. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 57.27, a P/E/G ratio of 6.87 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS Company 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.