MAI Capital Management Takes Position in ANSYS, Inc. (NASDAQ:ANSS)

MAI Capital Management bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,494 shares of the software maker's stock, valued at approximately $476,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANSS. Natixis Advisors LLC raised its position in ANSYS by 14.5% during the third quarter. Natixis Advisors LLC now owns 70,144 shares of the software maker's stock valued at $22,350,000 after acquiring an additional 8,908 shares in the last quarter. Empowered Funds LLC raised its position in ANSYS by 23.3% during the third quarter. Empowered Funds LLC now owns 1,467 shares of the software maker's stock valued at $467,000 after acquiring an additional 277 shares in the last quarter. CIBC Asset Management Inc raised its position in ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock valued at $8,640,000 after acquiring an additional 1,518 shares in the last quarter. OneDigital Investment Advisors LLC raised its position 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 acquiring an additional 37 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in ANSYS by 26.8% during the third quarter. Metis Global Partners LLC now owns 5,577 shares of the software maker's stock valued at $1,777,000 after acquiring an additional 1,177 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction 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 transaction, the director now owns 3,630 shares of the company's stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ANSS shares. Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Robert W. Baird boosted 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. Finally, StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $342.50.

ANSYS Trading Up 0.3 %

NASDAQ ANSS traded up $1.06 on Friday, reaching $350.00. 432,550 shares of the company were exchanged, compared to its average volume of 514,547. The business's fifty day moving average price is $327.83 and its 200 day moving average price is $323.17. The stock has a market capitalization of $30.61 billion, a P/E ratio of 54.01, a price-to-earnings-growth ratio of 3.95 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31.

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.