6,924 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Avanza Fonder AB

Avanza Fonder AB purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,924 shares of the software maker’s stock, valued at approximately $2,336,000.

A number of other institutional investors also recently bought and sold shares of ANSS. Nomura Asset Management Co. Ltd. boosted its stake in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after buying an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new position in ANSYS in the third quarter valued at approximately $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. KBC Group NV grew its stake in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after purchasing an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ANSS shares. Robert W. Baird increased their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $346.67.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSYS stock opened at $349.93 on Friday. The stock has a market capitalization of $30.60 billion, a P/E ratio of 54.00, a P/E/G ratio of 3.52 and a beta of 1.11. The company’s fifty day moving average price is $342.66 and its 200 day moving average price is $328.12. 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 1 year low of $289.82 and a 1 year high of $363.03.

About ANSYS

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.