Penserra Capital Management LLC Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Penserra Capital Management LLC grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,820 shares of the software maker’s stock after buying an additional 205 shares during the quarter. Penserra Capital Management LLC’s holdings in ANSYS were worth $1,216,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ANSS. Earnest Partners LLC lifted its stake in ANSYS by 2.5% in the second 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 last quarter. Impax Asset Management Group plc lifted its position in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ANSYS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock worth $169,556,000 after purchasing an additional 8,706 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock worth $167,985,000 after purchasing an additional 22,836 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings 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 buying an additional 16,462 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Trading Down 0.7 %

NASDAQ:ANSS opened at $349.85 on Wednesday. The company has a market capitalization of $30.59 billion, a PE ratio of 53.99, a P/E/G ratio of 3.96 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The stock’s 50 day moving average price is $329.17 and its 200 day moving average price is $323.46. 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

ANSS has been the subject of several analyst reports. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. 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 note on Tuesday, August 6th. Finally, StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $342.50.

Insider Activity

In related 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 value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.