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

Portfolio Design Labs LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 827 shares of the software maker’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Exchange Traded Concepts LLC increased its position in ANSYS by 2,656.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker’s stock worth $202,000 after purchasing an additional 611 shares in the last quarter. Procyon Advisors LLC grew its position in ANSYS by 2.5% in the third quarter. Procyon Advisors LLC now owns 2,263 shares of the software maker’s stock valued at $721,000 after acquiring an additional 56 shares in the last quarter. Swedbank AB grew its position in ANSYS by 5.5% in the third quarter. Swedbank AB now owns 8,401 shares of the software maker’s stock valued at $2,677,000 after acquiring an additional 438 shares in the last quarter. Asset Dedication LLC grew its position in ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after acquiring an additional 100 shares in the last quarter. Finally, Kopion Asset Management LLC grew its position in ANSYS by 39.7% in the third quarter. Kopion Asset Management LLC now owns 23,332 shares of the software maker’s stock valued at $7,434,000 after acquiring an additional 6,635 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the 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 directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the subject of several recent research reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird increased their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One 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 data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus target price of $346.67.

ANSYS Stock Performance

ANSYS stock opened at $334.12 on Thursday. The stock has a market cap of $29.22 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. 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. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03.

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.