Montanaro Asset Management Ltd Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

Montanaro Asset Management Ltd lifted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,300 shares of the software maker's stock after purchasing an additional 3,000 shares during the quarter. ANSYS makes up 3.7% of Montanaro Asset Management Ltd's investment portfolio, making the stock its 11th biggest holding. Montanaro Asset Management Ltd owned about 0.07% of ANSYS worth $20,488,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ANSS. DT Investment Partners LLC lifted its position in ANSYS by 888.9% during the 2nd 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 ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in ANSYS during the 2nd quarter worth approximately $38,000. Bangor Savings Bank lifted its position in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after acquiring an additional 170 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Price Performance

NASDAQ ANSS traded down $13.40 during mid-day trading on Friday, hitting $342.18. The stock had a trading volume of 777,113 shares, compared to its average volume of 385,321. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The company has a market cap of $29.90 billion, a price-to-earnings ratio of 52.81, a P/E/G ratio of 7.15 and a beta of 1.11. The company has a 50 day simple moving average of $321.88 and a 200 day simple moving average of $321.91. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Rosenblatt Securities reduced their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $333.00.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm's 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 directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by company insiders.

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.