Raymond James & Associates Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Raymond James & Associates lifted its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,822 shares of the software maker’s stock after purchasing an additional 46 shares during the quarter. Raymond James & Associates’ holdings in ANSYS were worth $3,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. DT Investment Partners LLC boosted its holdings in shares of ANSYS by 888.9% in the 2nd 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 purchased a new stake in ANSYS during the 2nd quarter valued at about $32,000. Rothschild Investment LLC purchased a new stake in ANSYS during the 2nd quarter valued at about $38,000. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% during the 3rd 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% during the 3rd 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 period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Up 1.0 %

ANSS opened at $323.75 on Monday. The business has a 50 day simple moving average of $320.18 and a two-hundred day simple moving average of $321.48. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 6.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ANSS shares. Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus target price of $325.00.

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.