Institute for Wealth Management LLC. Purchases 72 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Institute for Wealth Management LLC. increased its position in ANSYS, Inc. (NASDAQ:ANSS) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148 shares of the software maker’s stock after purchasing an additional 72 shares during the period. Institute for Wealth Management LLC.’s holdings in ANSYS were worth $387,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in ANSYS by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. bought a new position in ANSYS during the 3rd quarter valued at about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after acquiring an additional 16,462 shares during the period. KBC Group NV lifted its stake in ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after acquiring an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after acquiring an additional 1,518 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS opened at $350.50 on Friday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a market capitalization of $30.65 billion, a P/E ratio of 54.09, a PEG ratio of 3.61 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $344.54 and a 200-day moving average price of $329.61.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $346.67.

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.