Pacer Advisors Inc. Has $8.24 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Pacer Advisors Inc. lifted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,425 shares of the software maker's stock after purchasing an additional 8,103 shares during the period. Pacer Advisors Inc.'s holdings in ANSYS were worth $8,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ANSS. Public Sector Pension Investment Board lifted its stake in ANSYS by 71.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 3,347 shares of the software maker's stock valued at $1,076,000 after buying an additional 1,399 shares in the last quarter. AQR Capital Management LLC increased its position in shares of ANSYS by 21.6% during the second quarter. AQR Capital Management LLC now owns 2,722 shares of the software maker's stock worth $875,000 after purchasing an additional 483 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in ANSYS in the 2nd quarter valued at about $358,000. Creative Planning boosted its stake in ANSYS by 5.3% during the second quarter. Creative Planning now owns 9,616 shares of the software maker's stock worth $3,092,000 after buying an additional 484 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ANSYS by 4.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,720 shares of the software maker's stock worth $1,839,000 after purchasing an additional 239 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Up 1.5 %

Shares of NASDAQ ANSS traded up $5.28 during midday trading on Thursday, hitting $351.57. 368,100 shares of the company's stock were exchanged, compared to its average volume of 465,242. The firm's fifty day simple moving average is $344.50 and its 200-day simple moving average is $329.45. 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 company has a market cap of $30.74 billion, a PE ratio of 54.25, a P/E/G ratio of 3.72 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. 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, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $346.67.

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.