Portfolio Design Labs LLC Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

Portfolio Design Labs LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 827 shares of the software maker's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANSS. Savant Capital LLC acquired a new stake in ANSYS during the fourth quarter valued at approximately $203,000. Apollon Wealth Management LLC lifted its position in shares of ANSYS by 17.6% during the 4th quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker's stock worth $431,000 after buying an additional 191 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth $27,000. Sumitomo Mitsui Trust Group Inc. raised its stake in ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock worth $177,289,000 after acquiring an additional 6,786 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in ANSYS during the fourth quarter worth $5,576,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Trading Down 0.1 %

Shares of ANSS stock traded down $0.24 during trading hours on Friday, reaching $338.93. The company had a trading volume of 307,401 shares, compared to its average volume of 433,980. The company has a 50 day moving average of $343.07 and a 200 day moving average of $331.80. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of 52.30, a P/E/G ratio of 3.61 and a beta of 1.12. 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 1-year low of $289.82 and a 1-year high of $363.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $346.67.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

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.