STF Management LP Has $405,000 Holdings in ANSYS, Inc. (NASDAQ:ANSS)

STF Management LP cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,272 shares of the software maker’s stock after selling 116 shares during the period. STF Management LP’s holdings in ANSYS were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ANSS. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after buying an additional 37 shares during the last quarter. Gardner Lewis Asset Management L P boosted its stake in shares of ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after buying an additional 40 shares during the last quarter. Eads & Heald Wealth Management boosted its stake in shares of ANSYS by 1.6% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock worth $807,000 after buying an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after buying an additional 42 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANSS has been the subject of a number of recent research reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Robert W. Baird raised their target price 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average target price of $342.50.

ANSYS Stock Up 2.2 %

ANSYS stock opened at $349.62 on Friday. The stock has a market cap of $30.57 billion, a P/E ratio of 53.95, a P/E/G ratio of 3.84 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The company’s 50-day moving average price is $327.20 and its two-hundred day moving average price is $322.97.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.