Oddo BHF Asset Management Sas Takes $7.97 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Oddo BHF Asset Management Sas purchased a new position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the software maker's stock, valued at approximately $7,966,000.

A number of other large investors have also recently bought and sold shares of the stock. DT Investment Partners LLC lifted its position in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in ANSYS in the second quarter worth about $32,000. Rothschild Investment LLC bought a new stake in ANSYS during the 2nd quarter worth about $38,000. Bangor Savings Bank boosted 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. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after buying an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Down 0.4 %

Shares of NASDAQ ANSS traded down $1.34 during trading on Friday, hitting $340.24. The stock had a trading volume of 404,231 shares, compared to its average volume of 525,489. The firm has a fifty day moving average of $335.86 and a two-hundred day moving average of $325.13. The company has a market capitalization of $29.75 billion, a PE ratio of 52.71, a PEG ratio of 3.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $364.31.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a research note on Monday. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $342.50.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

About ANSYS

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.