Strategic Financial Concepts LLC Buys Shares of 16,529 ANSYS, Inc. (NASDAQ:ANSS)

Strategic Financial Concepts LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,529 shares of the software maker's stock, valued at approximately $5,576,000.

Several other large investors also recently made changes to their positions in ANSS. DiNuzzo Private Wealth Inc. increased its stake in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after acquiring an additional 170 shares during the period. Intact Investment Management Inc. acquired a new position in shares of ANSYS during the third quarter valued at approximately $70,000. Brooklyn Investment Group acquired a new position in shares of ANSYS during the third quarter valued at approximately $119,000. Asset Dedication LLC increased its stake in shares of ANSYS by 35.1% during the third quarter. Asset Dedication LLC now owns 385 shares of the software maker's stock valued at $123,000 after acquiring an additional 100 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of ANSYS during the third quarter valued at approximately $174,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Analysts Set New Price Targets

ANSS has been the topic of a number of research analyst reports. StockNews.com lowered 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 shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $346.67.

Insider Buying and Selling

In other ANSYS 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 transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.46% of the company's stock.

ANSYS Trading Down 2.1 %

ANSYS stock traded down $7.31 during midday trading on Wednesday, reaching $334.12. The stock had a trading volume of 461,232 shares, compared to its average volume of 467,219. The firm's fifty day simple moving average is $343.85 and its two-hundred day simple moving average is $331.33. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. 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 firm has a market cap of $29.22 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 3.61 and a beta of 1.12.

ANSYS 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.