ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by ING Groep NV

ING Groep NV trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,788 shares of the software maker’s stock after selling 24,876 shares during the quarter. ING Groep NV owned approximately 0.11% of ANSYS worth $30,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Metis Global Partners LLC grew its position in shares of ANSYS by 26.8% in the third quarter. Metis Global Partners LLC now owns 5,577 shares of the software maker’s stock valued at $1,777,000 after purchasing an additional 1,177 shares during the period. Huntington National Bank lifted its stake in ANSYS by 11.9% in the 3rd quarter. Huntington National Bank now owns 639 shares of the software maker’s stock valued at $204,000 after buying an additional 68 shares in the last quarter. KBC Group NV boosted its holdings in ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after buying an additional 19,149 shares during the last quarter. Plato Investment Management Ltd increased its stake in ANSYS by 36,680.0% during the 3rd quarter. Plato Investment Management Ltd now owns 1,839 shares of the software maker’s stock worth $585,000 after buying an additional 1,834 shares in the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its stake in ANSYS by 18.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,140 shares of the software maker’s stock worth $363,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of several research reports. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird lifted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus target price of $333.00.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Down 0.6 %

NASDAQ ANSS traded down $2.23 on Thursday, reaching $341.87. 80,877 shares of the company were exchanged, compared to its average volume of 524,935. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The stock has a market capitalization of $29.90 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 3.90 and a beta of 1.11. The business’s fifty day moving average price is $323.79 and its 200 day moving average price is $322.23. The company has a current ratio of 3.11, a quick ratio of 3.11 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.