DF Dent & Co. Inc. Has $198.61 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

DF Dent & Co. Inc. cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 623,331 shares of the software maker’s stock after selling 29,165 shares during the quarter. ANSYS makes up approximately 2.4% of DF Dent & Co. Inc.’s portfolio, making the stock its 12th biggest position. DF Dent & Co. Inc. owned 0.71% of ANSYS worth $198,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. iA Global Asset Management Inc. lifted its holdings in ANSYS by 3.9% during the 3rd quarter. iA Global Asset Management Inc. now owns 8,908 shares of the software maker’s stock worth $2,838,000 after buying an additional 332 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of ANSYS by 9.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 770 shares of the software maker’s stock valued at $245,000 after purchasing an additional 65 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of ANSYS by 45.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 23,234 shares of the software maker’s stock valued at $7,403,000 after purchasing an additional 7,223 shares during the period. Wellington Management Group LLP lifted its stake in shares of ANSYS by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,918 shares of the software maker’s stock valued at $930,000 after purchasing an additional 269 shares during the period. Finally, Wahed Invest LLC lifted its stake in shares of ANSYS by 12.4% in the 3rd quarter. Wahed Invest LLC now owns 2,118 shares of the software maker’s stock valued at $675,000 after purchasing an additional 234 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of ANSYS stock opened at $345.30 on Friday. ANSYS, Inc. has a one year low of $283.39 and a one year high of $364.31. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 53.29, a PEG ratio of 3.97 and a beta of 1.10. The business has a 50-day simple moving average of $333.34 and a 200 day simple moving average of $324.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ANSS shares. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $342.50.

Insiders Place Their Bets

In other ANSYS 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 completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.