ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 764,977 shares of the software maker’s stock after selling 17,198 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.87% of ANSYS worth $243,745,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. DT Investment Partners LLC lifted its stake in shares of ANSYS by 888.9% in the 2nd 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 period. Redwood Wealth Management Group LLC acquired a new stake in ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in ANSYS in the 2nd quarter worth $38,000. Bangor Savings Bank raised 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 acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its position 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 valued at $56,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ANSS shares. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has an average 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 business’s stock in a transaction on Monday, October 7th. The shares were 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 $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 SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

ANSYS Trading Up 0.9 %

ANSS opened at $351.10 on Friday. The stock has a market capitalization of $30.70 billion, a PE ratio of 54.18, a P/E/G ratio of 3.94 and a beta of 1.11. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The business’s 50 day moving average price is $330.99 and its 200 day moving average price is $323.96.

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.