ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Wahed Invest LLC

Wahed Invest LLC raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.4% in the third quarter, Holdings Channel.com reports. The fund owned 2,118 shares of the software maker’s stock after purchasing an additional 234 shares during the period. Wahed Invest LLC’s holdings in ANSYS were worth $675,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Bangor Savings Bank increased its position in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after purchasing an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P grew its holdings in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after purchasing an additional 40 shares in the last quarter. Eads & Heald Wealth Management grew its holdings in shares of ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of ANSYS by 2.7% in the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s 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 completion of the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Robert W. Baird lifted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average price target of $342.50.

ANSYS Stock Up 0.3 %

Shares of ANSYS stock opened at $345.30 on Friday. The company has a market capitalization of $30.20 billion, a P/E ratio of 53.29, a P/E/G ratio of 3.97 and a beta of 1.10. 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 52-week low of $283.39 and a 52-week high of $364.31. The company has a 50 day moving average of $333.34 and a 200 day moving average of $324.63.

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.