Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,451 shares of the software maker’s stock after buying an additional 2,337 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ANSYS were worth $5,193,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANSS. West Tower Group LLC acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $31,000. KB Financial Partners LLC increased its holdings in shares of ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $50,000. Gyon Technologies Capital Management LP acquired a new position in shares of ANSYS during the 4th quarter worth approximately $37,000. Finally, Covestor Ltd boosted its stake in ANSYS by 327.8% in the 1st quarter. Covestor Ltd now owns 154 shares of the software maker’s stock valued at $49,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 90.21% of the company’s stock.
In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total value of $69,136.00. Following the transaction, the director now owns 3,199 shares in the company, valued at $1,105,830.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total transaction of $69,136.00. Following the completion of the sale, the director now directly owns 3,199 shares of the company’s stock, valued at $1,105,830.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ajei Gopal sold 9,566 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at $63,827,199.33. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
ANSYS Stock Down 0.9 %
Analyst Upgrades and Downgrades
ANSS has been the subject of several recent research reports. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. StockNews.com began coverage on ANSYS in a report on Sunday. They issued a “hold” rating for the company. William Blair reaffirmed a “market perform” rating on shares of ANSYS in a report on Thursday, November 2nd. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price (up previously from $332.00) on shares of ANSYS in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $317.20.
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.
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