Cerity Partners LLC Acquires 7,700 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Cerity Partners LLC grew its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 29.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,485 shares of the software maker's stock after purchasing an additional 7,700 shares during the period. Cerity Partners LLC's holdings in ANSYS were worth $10,669,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bangor Savings Bank lifted its stake in shares of ANSYS by 32.7% in 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 last quarter. OneDigital Investment Advisors LLC raised its holdings in ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after buying an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P lifted its position in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock worth $699,000 after buying an additional 40 shares during the last quarter. Eads & Heald Wealth Management boosted its stake in shares of ANSYS by 1.6% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock worth $807,000 after acquiring an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock worth $509,000 after acquiring an additional 42 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Down 0.7 %

Shares of ANSS opened at $349.85 on Wednesday. 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 50-day simple moving average of $329.17 and a 200-day simple moving average of $323.46. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. The firm has a market capitalization of $30.59 billion, a P/E ratio of 53.99, a P/E/G ratio of 3.96 and a beta of 1.11.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Rosenblatt Securities reduced their target price on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a report on Tuesday, August 6th. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $342.50.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred 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 sale, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

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.