Caldwell Investment Management Ltd. Takes $1.56 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,800 shares of the software maker’s stock, valued at approximately $1,560,000. ANSYS accounts for 1.1% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after acquiring an additional 10,164 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of ANSYS by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock worth $38,499,000 after acquiring an additional 3,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares during the period. KBC Group NV boosted its position in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after acquiring an additional 19,149 shares during the last quarter. Finally, Montanaro Asset Management Ltd grew its holdings in shares of ANSYS by 4.9% in the third quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock valued at $20,488,000 after purchasing an additional 3,000 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Up 1.2 %

ANSS opened at $336.40 on Tuesday. 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 firm has a market cap of $29.42 billion, a P/E ratio of 51.91, a P/E/G ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. The business has a fifty day simple moving average of $325.48 and a 200-day simple moving average of $322.51.

Analysts Set New Price Targets

Several research firms have weighed in on ANSS. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $342.50.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

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.