Diversified Trust Co Takes Position in ANSYS, Inc. (ANSS)
Diversified Trust Co acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,425 shares of the software maker’s stock, valued at approximately $210,000.
Several other large investors have also recently bought and sold shares of ANSS. Parallax Volatility Advisers L.P. bought a new stake in shares of ANSYS in the 2nd quarter valued at $138,000. ETF Managers Group LLC bought a new stake in shares of ANSYS in the 2nd quarter valued at $171,000. Zions Bancorporation boosted its stake in shares of ANSYS by 9,070.6% in the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after purchasing an additional 1,542 shares during the last quarter. Calamos Advisors LLC bought a new stake in shares of ANSYS in the 3rd quarter valued at $201,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of ANSYS during the 3rd quarter valued at $204,000. 96.74% of the stock is currently owned by institutional investors.
ANSYS, Inc. (NASDAQ:ANSS) opened at $161.54 on Friday. ANSYS, Inc. has a 1 year low of $92.33 and a 1 year high of $161.95. The stock has a market cap of $13,708.28, a price-to-earnings ratio of 46.15 and a beta of 1.07.
In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,031 shares of company stock worth $2,960,730. Corporate insiders own 1.30% of the company’s stock.
A number of research firms recently issued reports on ANSS. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reiterated an “outperform” rating and set a $155.00 target price (up previously from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Royal Bank of Canada boosted their target price on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Wedbush reiterated a “neutral” rating and set a $114.00 target price (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Finally, Evercore ISI reiterated a “hold” rating and set a $113.00 target price on shares of ANSYS in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $128.91.
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ANSYS Company 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.
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