Pacer Advisors Inc. Increases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Pacer Advisors Inc. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 49.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,425 shares of the software maker’s stock after acquiring an additional 8,103 shares during the period. Pacer Advisors Inc.’s holdings in ANSYS were worth $8,239,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bangor Savings Bank boosted 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 buying an additional 34 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of ANSYS during the third quarter worth about $70,000. Brooklyn Investment Group bought a new stake in shares of ANSYS during the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC lifted its position in shares of ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after buying an additional 100 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $346.67.

ANSYS Stock Performance

Shares of ANSS stock opened at $346.29 on Thursday. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a market capitalization of $30.28 billion, a P/E ratio of 53.44, a P/E/G ratio of 3.72 and a beta of 1.11. 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 business’s 50 day moving average is $344.42 and its two-hundred day moving average is $329.33.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

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.