220 Shares in ANSYS, Inc. (NASDAQ:ANSS) Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 220 shares of the software maker’s stock, valued at approximately $70,000.

Several other hedge funds have also made changes to their positions in ANSS. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ANSYS by 4.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 86 shares during the last quarter. Norden Group LLC bought a new stake in shares of ANSYS in the 1st quarter worth approximately $231,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of ANSYS by 2,800.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock worth $60,000 after purchasing an additional 168 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of ANSYS by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 17,971 shares of the software maker’s stock worth $6,239,000 after purchasing an additional 47 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of ANSYS by 25.5% in the 1st quarter. SG Americas Securities LLC now owns 9,968 shares of the software maker’s stock worth $3,460,000 after purchasing an additional 2,026 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.1 %

ANSS opened at $324.48 on Wednesday. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The stock’s fifty day moving average is $320.39 and its 200-day moving average is $321.49. The company has a market capitalization of $28.36 billion, a PE ratio of 57.33, a P/E/G ratio of 6.94 and a beta of 1.11.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Rosenblatt Securities cut their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $325.00.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company’s stock.

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.