Erste Asset Management GmbH Invests $10.24 Million in ANSYS, Inc. (NASDAQ:ANSS)

Erste Asset Management GmbH bought a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,559 shares of the software maker’s stock, valued at approximately $10,244,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in ANSYS by 392.9% during the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares during the last quarter. Caldwell Investment Management Ltd. bought a new stake in shares of ANSYS in the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV raised its position in ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after buying an additional 1,518 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ANSYS

In other 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSYS stock opened at $351.10 on Monday. The firm’s 50-day moving average is $330.99 and its 200 day moving average is $323.90. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 3.98 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research 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 issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $342.50.

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.