ANSYS, Inc. (NASDAQ:ANSS) Position Raised by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 117.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,442 shares of the software maker’s stock after purchasing an additional 22,968 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in ANSYS were worth $13,523,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares in the last quarter. KBC Group NV boosted its position in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS in the 3rd quarter worth approximately $1,560,000. Finally, CIBC Asset Management Inc raised its holdings in shares of ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after purchasing an additional 1,518 shares in 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 analysts recently weighed in on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $342.50.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Trading Up 0.3 %

NASDAQ ANSS opened at $350.00 on Friday. The firm’s 50 day moving average price is $327.83 and its two-hundred day moving average price is $323.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 3.95 and a beta of 1.11.

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.