ARK Investment Management LLC Has $12.14 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

ARK Investment Management LLC trimmed its stake in ANSYS, Inc. (NASDAQ:ANSS) by 24.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,085 shares of the software maker’s stock after selling 12,477 shares during the quarter. ARK Investment Management LLC’s holdings in ANSYS were worth $12,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC increased its stake in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in ANSYS in the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in ANSYS in the second quarter valued at approximately $38,000. Bangor Savings Bank grew its position in 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 acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of recent research reports. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $333.00.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction 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 sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Up 6.6 %

ANSS stock opened at $355.58 on Friday. The business’s 50-day simple moving average is $320.75 and its 200 day simple moving average is $321.58. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market cap of $31.07 billion, a PE ratio of 62.82, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

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.