Bbva Compass Bancshares Inc. Raises Position in ANSYS, Inc. (ANSS)

Bbva Compass Bancshares Inc. increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 12,107 shares of the software maker’s stock after buying an additional 460 shares during the period. Bbva Compass Bancshares Inc.’s holdings in ANSYS were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in ANSYS by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock worth $271,901,000 after purchasing an additional 60,785 shares during the last quarter. Morgan Stanley boosted its holdings in ANSYS by 229.2% in the second quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock worth $249,507,000 after purchasing an additional 997,328 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in ANSYS by 7.7% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 772,876 shares of the software maker’s stock worth $144,280,000 after purchasing an additional 55,075 shares during the last quarter. Bessemer Group Inc. boosted its holdings in ANSYS by 0.9% in the second quarter. Bessemer Group Inc. now owns 755,657 shares of the software maker’s stock worth $131,620,000 after purchasing an additional 6,501 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in ANSYS by 8.3% in the second quarter. Bank of America Corp DE now owns 744,090 shares of the software maker’s stock worth $129,606,000 after purchasing an additional 56,822 shares during the last quarter. Institutional investors own 94.35% of the company’s stock.

ANSS has been the topic of several recent research reports. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Royal Bank of Canada increased their price target on shares of ANSYS to $180.00 and gave the stock a “market perform” rating in a research report on Monday, August 6th. Evercore ISI reiterated a “hold” rating and issued a $150.00 price target on shares of ANSYS in a research report on Monday, August 6th. Guggenheim initiated coverage on shares of ANSYS in a research report on Tuesday, August 7th. They issued a “buy” rating and a $210.00 price target on the stock. Finally, Berenberg Bank increased their price target on shares of ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. ANSYS currently has an average rating of “Buy” and a consensus price target of $176.09.

In other news, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total transaction of $532,910.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alec D. Gallimore sold 276 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $173.76, for a total transaction of $47,957.76. The disclosure for this sale can be found here. Insiders sold 49,350 shares of company stock worth $8,631,756 over the last quarter. Insiders own 1.10% of the company’s stock.

ANSS opened at $153.21 on Tuesday. ANSYS, Inc. has a 1-year low of $140.78 and a 1-year high of $190.45. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 42.44 and a beta of 1.29.

TRADEMARK VIOLATION WARNING: “Bbva Compass Bancshares Inc. Raises Position in ANSYS, Inc. (ANSS)” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/11/06/bbva-compass-bancshares-inc-raises-position-in-ansys-inc-anss.html.

About ANSYS

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.

Featured Article: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply