Fifth Third Bancorp Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

Fifth Third Bancorp lowered its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,723 shares of the software maker’s stock after selling 2,108 shares during the period. Fifth Third Bancorp’s holdings in ANSYS were worth $4,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of ANSYS in the third quarter valued at $70,000. Brooklyn Investment Group acquired a new position in shares of ANSYS during the 3rd quarter worth $119,000. Finally, Asset Dedication LLC grew its stake in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after acquiring an additional 100 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

NASDAQ:ANSS opened at $357.37 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market cap of $31.25 billion, a PE ratio of 55.15, a P/E/G ratio of 3.72 and a beta of 1.11. The firm has a 50 day simple moving average of $344.03 and a 200-day simple moving average of $329.08. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research reports. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average target price of $346.67.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

ANSYS 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.