Van ECK Associates Corp Has $326,000 Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Van ECK Associates Corp increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 28.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,012 shares of the software maker’s stock after purchasing an additional 223 shares during the period. Van ECK Associates Corp’s holdings in ANSYS were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of ANSYS by 0.7% in the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after buying an additional 73,585 shares during the period. Earnest Partners LLC boosted its position in ANSYS by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after acquiring an additional 15,012 shares during the period. DekaBank Deutsche Girozentrale grew its stake in ANSYS by 4.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock valued at $167,985,000 after acquiring an additional 22,836 shares in the last quarter. Sei Investments Co. increased its holdings in shares of ANSYS by 1.6% in the 2nd quarter. Sei Investments Co. now owns 423,892 shares of the software maker’s stock valued at $136,281,000 after purchasing an additional 6,867 shares during the period. Finally, CCLA Investment Management lifted its position in shares of ANSYS by 1.1% in the second quarter. CCLA Investment Management now owns 398,560 shares of the software maker’s stock worth $128,081,000 after purchasing an additional 4,200 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was 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 in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Down 0.5 %

ANSS stock opened at $344.48 on Wednesday. The firm has a market cap of $30.12 billion, a PE ratio of 53.45, a PEG ratio of 7.33 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31. The company has a fifty day simple moving average of $322.38 and a 200 day simple moving average of $322.00. The company has a current ratio of 3.11, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Rosenblatt Securities lowered their price target 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. Finally, Robert W. Baird increased 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $333.00.

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.