Boussard & Gavaudan Investment Management LLP Raises Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Boussard & Gavaudan Investment Management LLP boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 86,083 shares of the software maker’s stock after acquiring an additional 6,210 shares during the quarter. ANSYS comprises about 2.5% of Boussard & Gavaudan Investment Management LLP’s portfolio, making the stock its 12th largest position. Boussard & Gavaudan Investment Management LLP owned about 0.10% of ANSYS worth $27,602,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after acquiring an additional 10,164 shares during the period. Caldwell Investment Management Ltd. purchased a new stake in ANSYS in the third quarter valued at $1,560,000. Sumitomo Mitsui Trust Group Inc. grew its position in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV raised its stake 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 buying an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc lifted 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 valued at $8,640,000 after buying an additional 1,518 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ANSS. Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $342.50.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

ANSYS Trading Down 0.5 %

Shares of ANSYS stock opened at $348.02 on Thursday. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The firm’s 50-day moving average price is $329.86 and its 200 day moving average price is $323.63. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $30.43 billion, a PE ratio of 53.71, a P/E/G ratio of 3.99 and a beta of 1.11.

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.