Garrison Financial Corp decreased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,920 shares of the software maker’s stock after selling 2,442 shares during the quarter. ANSYS makes up 2.8% of Garrison Financial Corp’s holdings, making the stock its 3rd biggest position. Garrison Financial Corp’s holdings in ANSYS were worth $5,585,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bartlett & Co. LLC purchased a new position in shares of ANSYS in the third quarter worth about $114,000. Fort L.P. purchased a new position in shares of ANSYS in the second quarter worth about $121,000. Piedmont Investment Advisors LLC purchased a new position in shares of ANSYS in the second quarter worth about $166,000. Steward Partners Investment Advisory LLC lifted its stake in shares of ANSYS by 338.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after buying an additional 803 shares in the last quarter. Finally, Emerald Advisers Inc. PA purchased a new position in shares of ANSYS in the third quarter worth about $201,000. Institutional investors and hedge funds own 94.35% of the company’s stock.
Shares of ANSS stock opened at $155.28 on Monday. ANSYS, Inc. has a 12 month low of $140.78 and a 12 month high of $190.45. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 43.01 and a beta of 1.29.
In other ANSYS news, Director Barbara Vaughn Scherer sold 2,454 shares of ANSYS stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $187.99, for a total transaction of $461,327.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $152.26, for a total transaction of $532,910.00. The disclosure for this sale can be found here. Insiders have sold 49,350 shares of company stock worth $8,631,756 over the last ninety days. 1.10% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. Berenberg Bank raised their price target on shares of ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush raised their price target on shares of ANSYS from $163.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Barclays raised their price target on shares of ANSYS from $152.00 to $162.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 8th. Finally, Evercore ISI reissued a “hold” rating and issued a $150.00 price target on shares of ANSYS in a research note on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. ANSYS currently has an average rating of “Buy” and a consensus price target of $175.00.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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