ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 838.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,492 shares of the software maker's stock after purchasing an additional 4,907 shares during the period. Quest Partners LLC's holdings in ANSYS were worth $1,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Earnest Partners LLC increased its stake in shares of ANSYS by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock worth $195,160,000 after purchasing an additional 15,012 shares in the last quarter. Impax Asset Management Group plc increased its stake in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock worth $192,259,000 after buying an additional 44,605 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in ANSYS by 4.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock worth $167,985,000 after buying an additional 22,836 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock worth $165,299,000 after buying an additional 16,462 shares in the last quarter. Finally, Sei Investments Co. increased its stake in ANSYS by 1.6% in the 2nd quarter. Sei Investments Co. now owns 423,892 shares of the software maker's stock worth $136,281,000 after buying an additional 6,867 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Stock Up 0.9 %

ANSYS stock traded up $3.12 during mid-day trading on Tuesday, reaching $339.52. 427,196 shares of the company's stock were exchanged, compared to its average volume of 526,155. The company has a market cap of $29.69 billion, a P/E ratio of 52.31, a P/E/G ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $325.48 and a 200-day moving average of $322.51.

Analyst Ratings Changes

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

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company's stock.

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.