ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 32.4% in the third quarter, Holdings Channel reports. The firm owned 144,279 shares of the software maker’s stock after selling 69,231 shares during the period. National Bank of Canada FI’s holdings in ANSYS were worth $45,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Bangor Savings Bank increased its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after buying an additional 37 shares during the period. Gardner Lewis Asset Management L P grew its holdings in shares of ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after buying an additional 40 shares during the last quarter. Eads & Heald Wealth Management increased its position in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after acquiring an additional 40 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in ANSYS by 2.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after acquiring an additional 42 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $345.30 on Monday. The company has a market capitalization of $30.20 billion, a P/E ratio of 53.29, a P/E/G ratio of 4.09 and a beta of 1.10. The business’s 50-day moving average is $333.75 and its two-hundred day moving average is $324.72. 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 $283.39 and a fifty-two week high of $364.31.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ANSS shares. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research 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, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the 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 in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

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.