Royal London Asset Management Ltd. Increases Stake in ANSYS, Inc.

Royal London Asset Management Ltd. recently increased its investment in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% during the third quarter. This information comes from the fund's latest Form 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 1,865 shares, Royal London now holds a total of 76,872 shares in this software development company.

As indicated in their most recent filings, Royal London’s stake in ANSYS is valued at approximately $24,494,000, accounting for about 0.09% of the company’s total shares.

Changes by Other Investors

In addition to Royal London, several other large investors have re-evaluated their positions in ANSYS recently. For example, DT Investment Partners LLC made a significant adjustment by raising its holdings by an impressive 888.9% in the previous quarter, bringing their total to 89 shares valued at $29,000. Similarly, Redwood Wealth Management Group LLC entered the scene by acquiring a new stake worth around $32,000.

Rothschild Investment LLC also made a new purchase, valued at approximately $38,000. Additionally, Bangor Savings Bank increased its position by 32.7% in the third quarter and now owns 138 shares worth $44,000. In a noteworthy move, DiNuzzo Private Wealth Inc. expanded its holdings in ANSYS by 2,833.3%, resulting in ownership of 176 shares valued at $56,000.

Collectively, institutional investors currently own about 92.39% of ANSYS’s stock.

Insider Transactions

In other developments regarding ANSYS, Director Glenda Dorchak executed a sale of 152 shares of the company on October 7th. The shares were sold at an average price of $313.61, culminating in a total sale price of $47,668.72. Following this transaction, Dorchak retains 3,630 shares, equivalent to a value of approximately $1,138,404.30. This action represented a 4.02% decrease in her ownership percentage. This transaction was formally disclosed to the Securities and Exchange Commission.

Currently, corporate insiders hold about 0.46% of ANSYS’s shares.

Trading Overview

As of the last trading session, ANSYS shares opened at $345.30. The company boasts a market capitalization of $30.20 billion, with a price-to-earnings (P/E) ratio of 53.29 and a PEG ratio of 3.97. ANSYS’s stock has fluctuated between a low of $283.39 and a high of $364.31 over the past year. Additionally, the company’s debt-to-equity ratio stands at 0.13, and it maintains robust current and quick ratios of 3.11.

Analyst Ratings

Equity analysts have also shared their insights regarding ANSYS’s future. Notably, Robert W. Baird upgraded its price target from $350.00 to $365.00 while assigning an “outperform” rating in a report published on November 7th. Meanwhile, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report dated November 14th. Overall, the market currently rates ANSYS with an average rating of “Hold” and an average target price of $342.50, with one sell rating, five hold ratings, and one buy rating reflected in the analysis.

Company Overview

ANSYS, Inc. is a leading provider of engineering simulation software and services tailored for engineers, designers, researchers, and students across the globe. The company offers a comprehensive suite of structural analysis tools that enable product design and optimization, including the Ansys Mechanical product for element analysis and the LS-DYNA solver designed for multiphysics simulations.

investment, shares, software