KBC Group NV Buys 19,149 Shares of ANSYS, Inc. (NASDAQ:ANSS)

KBC Group NV lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,928 shares of the software maker’s stock after acquiring an additional 19,149 shares during the period. KBC Group NV’s holdings in ANSYS were worth $35,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its position in shares of ANSYS by 14.5% during the first quarter. Avantax Advisory Services Inc. now owns 931 shares of the software maker’s stock worth $323,000 after purchasing an additional 118 shares in the last quarter. Banco Santander S.A. grew its stake in ANSYS by 13.7% in the first quarter. Banco Santander S.A. now owns 9,648 shares of the software maker’s stock valued at $3,349,000 after acquiring an additional 1,164 shares during the period. M&G Plc bought a new stake in shares of ANSYS in the first quarter worth about $115,922,000. Vanguard Group Inc. raised its position in shares of ANSYS by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after purchasing an additional 73,585 shares during the period. Finally, Davis R M Inc. grew its position in shares of ANSYS by 1.1% in the 1st quarter. Davis R M Inc. now owns 84,774 shares of the software maker’s stock valued at $29,430,000 after purchasing an additional 904 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 1.1 %

NASDAQ:ANSS opened at $340.28 on Friday. The company has a market cap of $29.76 billion, a P/E ratio of 52.51, a price-to-earnings-growth ratio of 3.90 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The business has a 50 day moving average price of $323.79 and a two-hundred day moving average price of $322.23. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several analysts have commented on ANSS shares. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, ANSYS presently has an average 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 ANSYS 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 sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

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.