State Treasurer State of Michigan cut its position in ANSYS, Inc. (NASDAQ:ANSS) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,900 shares of the software maker’s stock after selling 800 shares during the quarter. State Treasurer State of Michigan’s holdings in ANSYS were worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Sumitomo Life Insurance Co. purchased a new position in shares of ANSYS in the fourth quarter valued at $1,547,000. Ownership Capital B.V. boosted its stake in shares of ANSYS by 1.0% in the fourth quarter. Ownership Capital B.V. now owns 704,515 shares of the software maker’s stock valued at $103,979,000 after purchasing an additional 7,154 shares during the period. Conning Inc. purchased a new position in shares of ANSYS in the fourth quarter valued at $204,000. BTIM Corp. boosted its stake in shares of ANSYS by 1.4% in the fourth quarter. BTIM Corp. now owns 73,447 shares of the software maker’s stock valued at $10,840,000 after purchasing an additional 986 shares during the period. Finally, Exane Derivatives purchased a new position in shares of ANSYS in the fourth quarter valued at $1,316,000. Institutional investors and hedge funds own 96.57% of the company’s stock.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, January 30th. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Royal Bank of Canada upped their price target on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $114.00 price target (down from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $128.91.
In other ANSYS news, CFO Maria T. Shields sold 25,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total transaction of $4,063,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Insiders have sold 39,527 shares of company stock worth $5,123,622 over the last three months. 1.30% of the stock is owned by corporate insiders.
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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