The Manufacturers Life Insurance Company Has $15.85 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

The Manufacturers Life Insurance Company decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,735 shares of the software maker’s stock after selling 408 shares during the period. The Manufacturers Life Insurance Company’s holdings in ANSYS were worth $15,847,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. DT Investment Partners LLC lifted its position in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS during the second quarter worth $38,000. Bangor Savings Bank lifted its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted 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 acquiring an additional 170 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.9 %

Shares of NASDAQ ANSS opened at $351.10 on Monday. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The stock has a market cap of $30.70 billion, a P/E ratio of 54.18, a P/E/G ratio of 3.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm has a 50 day moving average price of $330.99 and a 200 day moving average price of $323.90.

Analysts Set New Price Targets

A number of research analysts have issued reports on ANSS shares. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

About ANSYS

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.