Caisse DE Depot ET Placement DU Quebec Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Caisse DE Depot ET Placement DU Quebec increased its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 29.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,100 shares of the software maker's stock after buying an additional 3,625 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in ANSYS were worth $5,130,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. DT Investment Partners LLC grew its holdings in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the 2nd quarter valued at approximately $38,000. Bangor Savings Bank increased its holdings in shares of 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 purchasing an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after purchasing an additional 170 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the firm'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 transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.46% of the company's stock.

ANSYS Price Performance

ANSYS stock traded up $0.54 during midday trading on Tuesday, reaching $351.05. The company had a trading volume of 437,543 shares, compared to its average volume of 513,691. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31. The firm's fifty day simple moving average is $332.11 and its 200-day simple moving average is $324.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a market capitalization of $30.70 billion, a P/E ratio of 54.17, a P/E/G ratio of 3.97 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One equities research analyst has 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $342.50.

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.