ANSYS, Inc. (NASDAQ:ANSS) is Alpine Associates Management Inc.'s 3rd Largest Position

Alpine Associates Management Inc. lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 409,983 shares of the software maker's stock after acquiring an additional 13,350 shares during the quarter. ANSYS accounts for about 6.0% of Alpine Associates Management Inc.'s holdings, making the stock its 3rd biggest holding. Alpine Associates Management Inc. owned approximately 0.47% of ANSYS worth $130,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ANSS. DT Investment Partners LLC raised 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 valued at $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS in the second quarter worth $32,000. Rothschild Investment LLC bought a new stake in ANSYS in the second quarter valued at $38,000. Bangor Savings Bank increased its position 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 purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ANSS shares. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $342.50.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction 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 directly owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company's stock.

ANSYS Stock Performance

NASDAQ:ANSS traded up $1.08 during mid-day trading on Wednesday, hitting $340.60. 198,914 shares of the company traded hands, compared to its average volume of 524,700. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The stock's fifty day moving average price is $326.10 and its 200-day moving average price is $322.65.

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.