Carnegie Investment Counsel Has $31.45 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Carnegie Investment Counsel boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,225 shares of the software maker’s stock after buying an additional 877 shares during the period. ANSYS comprises approximately 0.9% of Carnegie Investment Counsel’s investment portfolio, making the stock its 23rd biggest position. Carnegie Investment Counsel’s holdings in ANSYS were worth $31,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. D1 Capital Partners L.P. bought a new stake in shares of ANSYS during the third quarter worth approximately $73,345,000. State Street Corp increased its stake in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the period. JPMorgan Chase & Co. lifted its holdings in ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the last quarter. Bank of Montreal Can boosted its stake in ANSYS by 72.8% in the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after purchasing an additional 89,840 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in ANSYS by 140.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after buying an additional 80,886 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Performance

NASDAQ:ANSS opened at $344.42 on Friday. The stock has a fifty day moving average price of $342.73 and a 200-day moving average price of $327.80. The company has a market cap of $30.12 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 3.52 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. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research reports. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average price target of $342.50.

ANSYS 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.