Natixis Advisors LLC Buys 8,908 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Natixis Advisors LLC increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 14.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,144 shares of the software maker’s stock after purchasing an additional 8,908 shares during the period. Natixis Advisors LLC owned approximately 0.08% of ANSYS worth $22,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. DT Investment Partners LLC grew its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter valued at $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS in the 2nd quarter worth $38,000. Bangor Savings Bank raised its stake in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of ANSS opened at $336.40 on Tuesday. The business has a 50-day simple moving average of $325.48 and a two-hundred day simple moving average of $322.51. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 3.76 and a beta of 1.11.

Analyst Ratings Changes

A number of brokerages have weighed in on ANSS. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % 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.

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.