BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,565 shares of the software maker’s stock after selling 2,154 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in ANSYS were worth $4,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bangor Savings Bank grew its holdings in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after acquiring an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P increased its position in shares of ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after acquiring an additional 40 shares during the period. Eads & Heald Wealth Management raised its stake in shares of ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after acquiring an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of ANSYS by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ANSS. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

ANSYS Trading Down 0.2 %

Shares of NASDAQ ANSS opened at $350.51 on Tuesday. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The business has a fifty day moving average price of $331.57 and a 200 day moving average price of $324.07. The stock has a market capitalization of $30.65 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

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.