US Bancorp DE Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

US Bancorp DE lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,322 shares of the software maker’s stock after selling 1,202 shares during the quarter. US Bancorp DE’s holdings in ANSYS were worth $10,675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ANSS. Bank Julius Baer & Co. Ltd Zurich grew its stake in ANSYS by 93,751.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 141,906,427 shares of the software maker’s stock valued at $46,867,436,000 after purchasing an additional 141,755,223 shares during the last quarter. Norges Bank acquired a new position in shares of ANSYS in the 4th quarter valued at about $169,860,000. Select Equity Group L.P. lifted its holdings in shares of ANSYS by 63.6% in the 1st quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock valued at $421,324,000 after buying an additional 491,935 shares during the period. BlackRock Inc. lifted its holdings in shares of ANSYS by 4.9% in the 1st quarter. BlackRock Inc. now owns 9,226,734 shares of the software maker’s stock valued at $3,070,657,000 after buying an additional 430,927 shares during the period. Finally, Perpetual Ltd acquired a new position in shares of ANSYS in the 1st quarter valued at about $131,454,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several analyst reports. Rosenblatt Securities boosted their price objective on ANSYS from $320.00 to $332.00 and gave the company a “buy” rating in a report on Friday, November 3rd. William Blair reissued a “market perform” rating on shares of ANSYS in a report on Thursday, November 2nd. Bank of America cut ANSYS from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $356.00 to $295.00 in a report on Tuesday, November 14th. Royal Bank of Canada decreased their price objective on ANSYS from $310.00 to $290.00 and set a “sector perform” rating for the company in a report on Friday, November 3rd. Finally, TheStreet cut ANSYS from a “b-” rating to a “c+” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $313.90.

Insider Activity

In other news, Director Glenda Dorchak sold 222 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $292.95, for a total value of $65,034.90. Following the completion of the sale, the director now directly owns 3,399 shares in the company, valued at $995,737.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ajei Gopal sold 9,566 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $298.29, for a total value of $2,853,442.14. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at $63,827,199.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenda Dorchak sold 222 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $292.95, for a total value of $65,034.90. Following the completion of the transaction, the director now owns 3,399 shares of the company’s stock, valued at $995,737.05. The disclosure for this sale can be found here. Insiders sold 22,058 shares of company stock worth $6,663,649 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS opened at $299.46 on Friday. ANSYS, Inc. has a 12 month low of $230.00 and a 12 month high of $351.23. The stock has a 50 day moving average of $293.52 and a two-hundred day moving average of $309.51. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The firm has a market cap of $26.01 billion, a P/E ratio of 54.05, a price-to-earnings-growth ratio of 5.85 and a beta of 1.20.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.