5,087 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Phraction Management LLC

Phraction Management LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,087 shares of the software maker’s stock, valued at approximately $1,716,000. ANSYS makes up approximately 0.6% of Phraction Management LLC’s portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fiera Capital Corp grew its position in ANSYS by 8.8% during the fourth quarter. Fiera Capital Corp now owns 168,992 shares of the software maker’s stock worth $57,006,000 after buying an additional 13,678 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in ANSYS during the fourth quarter worth about $279,000. Savant Capital LLC purchased a new position in ANSYS during the fourth quarter worth about $203,000. Apollon Wealth Management LLC grew its position in ANSYS by 17.6% during the fourth quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock worth $431,000 after buying an additional 191 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter worth about $27,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $346.67.

ANSYS Trading Down 2.1 %

NASDAQ ANSS opened at $334.12 on Thursday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $343.85 and a 200-day moving average of $331.33. The firm has a market cap of $29.22 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

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.