Aigen Investment Management LP Purchases 1,560 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Aigen Investment Management LP raised its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 68.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,826 shares of the software maker's stock after purchasing an additional 1,560 shares during the quarter. Aigen Investment Management LP's holdings in ANSYS were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of ANSYS by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker's stock valued at $3,553,058,000 after acquiring an additional 73,585 shares during the period. Earnest Partners LLC boosted its stake in ANSYS by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock worth $195,160,000 after purchasing an additional 15,012 shares during the period. Impax Asset Management Group plc boosted its stake in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock worth $192,259,000 after purchasing an additional 44,605 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of ANSYS by 4.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock valued at $167,985,000 after buying an additional 22,836 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock valued at $165,299,000 after buying an additional 16,462 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Trading Down 0.1 %

NASDAQ:ANSS traded down $0.38 during trading hours on Wednesday, hitting $344.10. The stock had a trading volume of 421,118 shares, compared to its average volume of 526,971. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. 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 company has a market cap of $30.09 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.90 and a beta of 1.11. The business's 50 day moving average is $323.09 and its 200-day moving average is $322.07.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of recent research reports. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Rosenblatt Securities dropped their target price 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, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $333.00.

ANSYS 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.