827 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 827 shares of the software maker’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also made changes to their positions in ANSS. Savant Capital LLC purchased a new position in ANSYS in the 4th quarter valued at about $203,000. Apollon Wealth Management LLC lifted its holdings in ANSYS by 17.6% in the 4th quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock valued at $431,000 after purchasing an additional 191 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in ANSYS in the 4th quarter valued at about $27,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in ANSYS by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after purchasing an additional 6,786 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in ANSYS in the 4th quarter valued at about $5,576,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ANSS. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird upped 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $346.67.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Down 2.1 %

NASDAQ ANSS opened at $334.12 on Thursday. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a 50-day moving average of $343.85 and a 200-day moving average of $331.33. 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 company has a market cap of $29.22 billion, a P/E ratio of 51.56, a P/E/G ratio of 3.61 and a beta of 1.12.

About ANSYS

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.