Bank of New York Mellon Corp increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 27.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,050,124 shares of the software maker’s stock after acquiring an additional 224,640 shares during the quarter. Bank of New York Mellon Corp owned about 1.24% of ANSYS worth $128,883,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Creative Planning increased its holdings in shares of ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after acquiring an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after acquiring an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $138,000. Dupont Capital Management Corp acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $149,000. Finally, Fiduciary Trust Co. acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $170,000. 96.00% of the stock is currently owned by institutional investors and hedge funds.
ANSYS, Inc. (NASDAQ:ANSS) opened at $150.48 on Thursday. ANSYS, Inc. has a 1-year low of $91.89 and a 1-year high of $155.14. The company has a market capitalization of $13,017.60, a price-to-earnings ratio of 43.83 and a beta of 1.05.
In other ANSYS news, VP Shane Emswiler sold 12,504 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
ANSS has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Robert W. Baird set a $130.00 target price on ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. Wedbush reissued a “neutral” rating and set a $129.19 target price (up from $114.00) on shares of ANSYS in a report on Friday, September 15th. Finally, Berenberg Bank initiated coverage on ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $128.91.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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