14,558 Shares in ANSYS, Inc. (ANSS) Purchased by Strategy Asset Managers LLC
Strategy Asset Managers LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the first quarter, Holdings Channel reports. The institutional investor bought 14,558 shares of the software maker’s stock, valued at approximately $2,660,000.
Several other institutional investors have also recently added to or reduced their stakes in ANSS. Cullen Frost Bankers Inc. purchased a new stake in shares of ANSYS in the first quarter valued at approximately $28,000. Flagship Harbor Advisors LLC lifted its stake in shares of ANSYS by 198.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Washington Trust Bank lifted its stake in shares of ANSYS by 43.8% in the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of ANSYS by 77.8% in the 4th quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Finally, Resources Investment Advisors Inc. acquired a new position in ANSYS during the 4th quarter worth about $50,000. 93.75% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:ANSS traded up $1.88 during mid-day trading on Tuesday, reaching $186.55. 4,362 shares of the stock were exchanged, compared to its average volume of 423,302. The company has a market capitalization of $15.74 billion, a PE ratio of 35.79 and a beta of 1.36. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $197.05.
ANSS has been the topic of several research reports. Citigroup increased their target price on ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Mitsubishi UFJ Financial Group increased their price objective on ANSYS to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Evercore ISI reiterated a “hold” rating and issued a $155.00 price objective on shares of ANSYS in a report on Thursday, May 2nd. Finally, KeyCorp initiated coverage on ANSYS in a report on Wednesday, April 10th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $188.14.
In other ANSYS news, VP Matthew C. Zack sold 1,116 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $194.80, for a total transaction of $217,396.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajei Gopal sold 9,023 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $186.00, for a total value of $1,678,278.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $10,303,343 in the last 90 days. 1.11% of the stock is currently owned by company insiders.
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ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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