Phraction Management LLC bought a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,087 shares of the software maker's stock, valued at approximately $1,716,000. ANSYS makes up 0.6% of Phraction Management LLC's investment portfolio, making the stock its 26th biggest holding.
A number of other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock worth $732,672,000 after acquiring an additional 37,577 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock valued at $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ANSYS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker's stock valued at $169,556,000 after purchasing an additional 8,706 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in ANSYS by 1.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock worth $177,289,000 after purchasing an additional 6,786 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.
ANSYS Trading Down 0.1 %
ANSS traded down $0.24 during trading on Monday, reaching $338.93. 307,401 shares of the company's stock were exchanged, compared to its average volume of 433,980. 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 one year low of $289.82 and a one year high of $363.03. The firm has a fifty day moving average price of $343.07 and a two-hundred day moving average price of $331.93. The stock has a market capitalization of $29.64 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of analysts have weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of "Hold" and a consensus price target of $346.67.
View Our Latest Stock Report on ANSYS
ANSYS Profile
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Free Report)
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.
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