BTC Capital Management Inc. Acquires 36 Shares of ANSYS, Inc. (NASDAQ:ANSS)

BTC Capital Management Inc. boosted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,499 shares of the software maker’s stock after purchasing an additional 36 shares during the period. BTC Capital Management Inc.’s holdings in ANSYS were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ANSS. D1 Capital Partners L.P. acquired a new stake in shares of ANSYS in the third quarter worth $73,345,000. State Street Corp boosted its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the period. JPMorgan Chase & Co. grew its position in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the last quarter. CCLA Investment Management increased its holdings in shares of ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares during the period. Finally, Impax Asset Management Group plc raised its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

ANSYS Price Performance

Shares of ANSYS stock opened at $350.50 on Friday. The firm has a market cap of $30.65 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.61 and a beta of 1.11. The firm’s 50-day simple moving average is $344.54 and its 200-day simple moving average is $329.61. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company 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.