FNY Investment Advisers LLC Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

FNY Investment Advisers LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,037 shares of the software maker's stock after buying an additional 2,659 shares during the period. ANSYS accounts for 1.1% of FNY Investment Advisers LLC's holdings, making the stock its 26th biggest position. FNY Investment Advisers LLC's holdings in ANSYS were worth $2,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS during the 2nd quarter worth about $32,000. Bangor Savings Bank raised its holdings in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. boosted its position in ANSYS by 2,833.3% during the third 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. Intact Investment Management Inc. acquired a new stake in ANSYS in the third quarter valued at approximately $70,000. Finally, Brooklyn Investment Group purchased a new stake in shares of ANSYS in the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Trading Up 0.7 %

ANSS traded up $2.39 during trading hours on Tuesday, reaching $339.58. The company's stock had a trading volume of 251,792 shares, compared to its average volume of 474,893. The business's 50-day moving average is $342.24 and its 200-day moving average is $327.57. 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 stock has a market cap of $29.70 billion, a PE ratio of 52.40, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANSS shares. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.