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

Intact Investment Management Inc. bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, Holdings Channel reports. The fund bought 220 shares of the software maker’s stock, valued at approximately $70,000.

Other hedge funds have also modified their holdings of the company. DT Investment Partners LLC grew its holdings in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS during the second quarter valued at $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the second quarter valued at $38,000. Bangor Savings Bank grew its holdings 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew 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 buying an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $324.48 on Wednesday. The business’s 50-day moving average price is $320.39 and its two-hundred day moving average price is $321.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a market capitalization of $28.36 billion, a P/E ratio of 57.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.11.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $325.00.

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.