Caldwell Investment Management Ltd. bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,800 shares of the software maker's stock, valued at approximately $1,560,000. ANSYS accounts for 1.1% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 19th biggest holding.
Several other hedge funds also recently made changes to their positions in ANSS. Swedbank AB bought a new position in shares of ANSYS during the first quarter valued at approximately $128,089,000. Magnetar Financial LLC purchased a new position in ANSYS during the first quarter valued at $72,797,000. Matrix Capital Management Company LP bought a new stake in ANSYS in the first quarter worth $50,338,000. Canada Pension Plan Investment Board grew its stake in shares of ANSYS by 1,052.9% in the first quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker's stock worth $34,460,000 after acquiring an additional 90,653 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of ANSYS by 72.8% during the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker's stock valued at $69,488,000 after acquiring an additional 89,840 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. 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 report on Tuesday, August 6th. Finally, Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $342.50.
Check Out Our Latest Research Report on ANSS
ANSYS Stock Performance
Shares of NASDAQ ANSS traded up $3.12 during midday trading on Tuesday, hitting $339.52. 427,196 shares of the stock traded hands, compared to its average volume of 526,155. The firm has a market capitalization of $29.69 billion, a P/E ratio of 52.40, a PEG ratio of 3.76 and a beta of 1.11. 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 firm has a 50-day moving average of $326.10 and a two-hundred day moving average of $322.65.
Insider Activity
In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company's stock.
About ANSYS
(
Free Report)
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.
Recommended Stories
Before you consider ANSYS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ANSYS wasn't on the list.
While ANSYS currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
