32,627 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Stansberry Asset Management LLC

Stansberry Asset Management LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 32,627 shares of the software maker’s stock, valued at approximately $10,396,000. ANSYS makes up 1.3% of Stansberry Asset Management LLC’s portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Cetera Investment Advisers grew its stake in shares of ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of ANSYS by 59.2% during the first quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after buying an additional 597 shares during the last quarter. CWM LLC grew its stake in shares of ANSYS by 57.0% during the second quarter. CWM LLC now owns 5,886 shares of the software maker’s stock valued at $1,892,000 after buying an additional 2,136 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of ANSYS by 193.3% during the second quarter. SG Americas Securities LLC now owns 29,232 shares of the software maker’s stock valued at $9,398,000 after buying an additional 19,264 shares during the last quarter. Finally, Mirador Capital Partners LP bought a new position in shares of ANSYS during the second quarter valued at approximately $582,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 3.0 %

ANSYS stock opened at $361.45 on Thursday. The business has a fifty day moving average of $332.95 and a two-hundred day moving average of $324.49. 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 $31.61 billion, a P/E ratio of 55.78, a P/E/G ratio of 3.97 and a beta of 1.10. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the 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 sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $342.50.

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.