BNP Paribas Financial Markets Raises Stake in ANSYS, Inc. (NASDAQ:ANSS)

BNP Paribas Financial Markets boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 9.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 179,884 shares of the software maker’s stock after purchasing an additional 15,934 shares during the period. BNP Paribas Financial Markets’ holdings in ANSYS were worth $57,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ANSS. DT Investment Partners LLC lifted its position in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in ANSYS in the second quarter valued at approximately $32,000. Rothschild Investment LLC bought a new stake in ANSYS in the second quarter valued at approximately $38,000. Bangor Savings Bank lifted its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $348.02 on Thursday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $30.43 billion, a PE ratio of 53.71, a P/E/G ratio of 3.99 and a beta of 1.11. The business has a 50 day moving average of $329.86 and a 200 day moving average of $323.63. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $342.50.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on 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 transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

About ANSYS

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.