Bleakley Financial Group LLC Has $650,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Bleakley Financial Group LLC lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,928 shares of the software maker’s stock after buying an additional 87 shares during the quarter. Bleakley Financial Group LLC’s holdings in ANSYS were worth $650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in 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 buying an additional 106,187 shares during the period. Geode Capital Management LLC increased its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after acquiring an additional 37,577 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of ANSYS by 1.7% during 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 purchasing an additional 8,706 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of ANSYS by 3.3% in 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 purchasing an additional 16,462 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the topic of several research analyst reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $346.67.

ANSYS Trading Down 0.5 %

NASDAQ:ANSS opened at $344.86 on Monday. The company has a market cap of $30.16 billion, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The business has a 50 day moving average price of $344.21 and a two-hundred day moving average price of $330.76. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were 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 in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

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.