KBC Group NV Buys 19,149 Shares of ANSYS, Inc. (NASDAQ:ANSS)

KBC Group NV increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 20.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,928 shares of the software maker’s stock after buying an additional 19,149 shares during the quarter. KBC Group NV owned 0.13% of ANSYS worth $35,345,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ANSS. DT Investment Partners LLC lifted its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS during the 2nd quarter valued at about $32,000. Rothschild Investment LLC bought a new position in ANSYS during the 2nd quarter valued at about $38,000. Bangor Savings Bank boosted its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares in the last quarter. 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 recent analyst reports. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Thursday. Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $342.50.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Down 1.1 %

NASDAQ:ANSS opened at $340.28 on Friday. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 52.51, a P/E/G ratio of 3.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock’s fifty day moving average price is $323.79 and its two-hundred day moving average price is $322.23. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31.

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.