Victory Capital Management Inc. Reduces Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Victory Capital Management Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,478 shares of the software maker’s stock after selling 14,017 shares during the quarter. Victory Capital Management Inc. owned 0.08% of ANSYS worth $21,501,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in ANSYS by 392.9% during the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after acquiring an additional 10,164 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in ANSYS by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after acquiring an additional 3,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted 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 valued at $165,299,000 after acquiring an additional 16,462 shares during the period. Montanaro Asset Management Ltd boosted its holdings in ANSYS by 4.9% during the 3rd quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock valued at $20,488,000 after acquiring an additional 3,000 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after acquiring an additional 44,605 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $336.40 on Tuesday. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The stock’s 50-day moving average is $325.48 and its 200 day moving average is $322.51. The company has a market cap of $29.42 billion, a P/E ratio of 51.91, a PEG ratio of 3.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’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 sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ANSS. Robert W. Baird increased their price target 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 ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, StockNews.com downgraded 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $342.50.

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.