American International Group Inc. reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,964 shares of the software maker’s stock after selling 4,283 shares during the quarter. American International Group Inc.’s holdings in ANSYS were worth $3,677,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. 1st Global Advisors Inc. boosted its holdings in shares of ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock worth $288,000 after purchasing an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock worth $1,230,000 after purchasing an additional 77 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of ANSYS by 7.5% during the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock worth $201,000 after purchasing an additional 116 shares during the period. Finally, Progressive Investment Management Corp boosted its holdings in shares of ANSYS by 0.5% during the second quarter. Progressive Investment Management Corp now owns 27,269 shares of the software maker’s stock worth $3,318,000 after purchasing an additional 126 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reiterated an “outperform” rating and set a $155.00 target price (up from $130.00) on shares of ANSYS in a report on Friday, November 3rd. Royal Bank Of Canada increased their target price on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Citigroup started coverage on shares of ANSYS in a report on Friday, September 22nd. They set a “neutral” rating and a $125.00 target price for the company. Finally, Wedbush restated a “neutral” rating and issued a $114.00 price objective (down from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $128.91.

Shares of ANSYS, Inc. (ANSS) opened at $144.72 on Thursday. ANSYS, Inc. has a 1-year low of $91.89 and a 1-year high of $155.14. The company has a market cap of $12,172.39, a PE ratio of 40.98 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The business had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same period last year, the business posted $0.95 earnings per share. ANSYS’s quarterly revenue was up 12.6% compared to the same quarter last year. analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.

In related news, VP Shane Emswiler sold 12,504 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock valued at $2,808,608 over the last quarter. Company insiders own 1.30% of the company’s stock.

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ANSYS Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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