ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 563,427 shares of the software maker’s stock after selling 2,712 shares during the period. Principal Financial Group Inc. owned 0.64% of ANSYS worth $179,525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANSS. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in ANSYS during the 2nd quarter valued at $38,000. Bangor Savings Bank increased its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of ANSYS in the second quarter valued at $64,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and an average target price of $342.50.

ANSYS Stock Performance

NASDAQ ANSS opened at $334.48 on Friday. 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 company has a market capitalization of $29.25 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The business’s 50-day moving average price is $337.64 and its 200 day moving average price is $325.65. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $364.31.

ANSYS 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.