Fifth Third Bancorp Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Fifth Third Bancorp lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 12.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,723 shares of the software maker’s stock after selling 2,108 shares during the quarter. Fifth Third Bancorp’s holdings in ANSYS were worth $4,967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the period. Geode Capital Management LLC grew its stake in ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after buying an additional 37,577 shares during the period. Impax Asset Management Group plc increased its position in shares of ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after acquiring an additional 8,706 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of ANSYS by 3.3% during 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 acquiring an additional 16,462 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ANSS shares. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $346.67.

Get Our Latest Stock Analysis on ANSYS

ANSYS Price Performance

ANSS opened at $357.37 on Monday. The company has a market capitalization of $31.25 billion, a P/E ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11. The company has a 50-day moving average of $344.03 and a 200-day moving average of $329.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS Profile

(Free Report)

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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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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