Meeder Advisory Services Inc. Lowers Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Meeder Advisory Services Inc. trimmed its position in ANSYS, Inc. (NASDAQ:ANSS) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,909 shares of the software maker’s stock after selling 168 shares during the quarter. Meeder Advisory Services Inc.’s holdings in ANSYS were worth $608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its stake in shares of ANSYS by 14.5% in the first quarter. Avantax Advisory Services Inc. now owns 931 shares of the software maker’s stock worth $323,000 after purchasing an additional 118 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in ANSYS by 5.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,436 shares of the software maker’s stock worth $1,540,000 after buying an additional 215 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in ANSYS by 35.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 793 shares of the software maker’s stock worth $275,000 after buying an additional 209 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in ANSYS by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after acquiring an additional 3,413 shares during the period. Finally, Natixis Investment Managers International lifted its position in shares of ANSYS by 53.3% in the first quarter. Natixis Investment Managers International now owns 791 shares of the software maker’s stock valued at $275,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $339.52 on Wednesday. The company’s 50-day moving average price is $326.10 and its 200-day moving average price is $322.65. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $29.69 billion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird increased their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $342.50.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

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.