Meeder Asset Management Inc. cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,103 shares of the software maker’s stock after selling 2,293 shares during the quarter. Meeder Asset Management Inc.’s holdings in ANSYS were worth $459,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $122,000. Advisor Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $219,000. Conning Inc. acquired a new stake in ANSYS in the fourth quarter valued at approximately $204,000. Diversified Trust Co acquired a new stake in ANSYS in the fourth quarter valued at approximately $210,000. Finally, Zions Bancorporation lifted its stake in ANSYS by 9,070.6% in the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after acquiring an additional 1,542 shares during the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.
A number of analysts have issued reports on ANSS shares. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Robert W. Baird reiterated an “outperform” rating and issued a $155.00 target price (up from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Wedbush reiterated a “neutral” rating and issued a $114.00 target price (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Royal Bank of Canada lifted their target price on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Finally, Evercore ISI restated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $128.91.
Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $150.41 on Friday. ANSYS, Inc. has a one year low of $96.02 and a one year high of $164.90. The firm has a market cap of $12,630.63, a price-to-earnings ratio of 47.30 and a beta of 1.07.
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ANSYS Company Profile
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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