Fmr LLC Sells 178,089 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Fmr LLC reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 57.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,718 shares of the software maker’s stock after selling 178,089 shares during the period. Fmr LLC owned approximately 0.15% of ANSYS worth $41,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Caldwell Investment Management Ltd. bought a new stake in ANSYS in the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. grew its holdings 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 worth $165,299,000 after purchasing an additional 16,462 shares during the last quarter. KBC Group NV increased its position in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after purchasing an additional 19,149 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in ANSYS by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock valued at $5,190,000 after buying an additional 1,818 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related 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 value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

ANSS stock opened at $345.30 on Friday. The company has a 50 day moving average price of $333.75 and a 200 day moving average price of $324.73. ANSYS, Inc. has a fifty-two week low of $283.39 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market capitalization of $30.20 billion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 4.09 and a beta of 1.10.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS 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.