GSA Capital Partners LLP Buys New Shares in ANSYS, Inc. (NASDAQ:ANSS)

GSA Capital Partners LLP bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,416 shares of the software maker’s stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB bought a new position in shares of ANSYS during the first quarter valued at about $128,089,000. Magnetar Financial LLC bought a new position in shares of ANSYS during the first quarter valued at about $72,797,000. Matrix Capital Management Company LP bought a new position in shares of ANSYS during the first quarter valued at about $50,338,000. Canada Pension Plan Investment Board grew its stake in shares of ANSYS by 1,052.9% during the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock valued at $34,460,000 after buying an additional 90,653 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of ANSYS by 72.8% during the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after buying an additional 89,840 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

ANSYS Stock Performance

Shares of ANSS opened at $342.24 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a 50-day simple moving average of $326.59 and a two-hundred day simple moving average of $322.79. The firm has a market capitalization of $29.93 billion, a PE ratio of 52.81, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11.

ANSYS Company 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.