Davis R M Inc. Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Davis R M Inc. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,452 shares of the software maker’s stock after buying an additional 479 shares during the period. Davis R M Inc.’s holdings in ANSYS were worth $27,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Swedbank AB bought a new position in shares of ANSYS during the 1st quarter worth approximately $128,089,000. Bank of Montreal Can grew its holdings in ANSYS by 72.8% in the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock worth $69,488,000 after purchasing an additional 89,840 shares during the last quarter. Calamos Advisors LLC purchased a new position in ANSYS in the second quarter worth $27,328,000. DekaBank Deutsche Girozentrale increased its position in shares of ANSYS by 20.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after purchasing an additional 84,353 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of ANSYS by 140.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after purchasing an additional 80,886 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several research analyst reports. Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus price target of $342.50.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Stock Up 0.3 %

ANSYS stock opened at $350.00 on Monday. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The company has a market cap of $30.61 billion, a PE ratio of 54.01, a PEG ratio of 3.95 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The business’s 50-day simple moving average is $327.83 and its two-hundred day simple moving average is $323.13.

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.