Bell Bank Has $824,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Bell Bank decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,442 shares of the software maker’s stock after selling 145 shares during the period. Bell Bank’s holdings in ANSYS were worth $824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. D1 Capital Partners L.P. bought a new position in ANSYS in the third quarter valued at approximately $73,345,000. State Street Corp boosted its holdings in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after buying an additional 100,042 shares in the last quarter. CCLA Investment Management increased its holdings in ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after buying an additional 47,331 shares during the last quarter. Finally, Impax Asset Management Group plc raised its position in 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 acquiring an additional 44,605 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of ANSS opened at $334.21 on Friday. The company’s 50-day moving average is $342.81 and its 200-day moving average is $332.47. 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 firm has a market capitalization of $29.23 billion, a PE ratio of 51.02, a PEG ratio of 3.51 and a beta of 1.12. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.96%. Equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $348.33.

About ANSYS

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.