Wellington Management Group LLP Acquires 269 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wellington Management Group LLP increased its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the software maker’s stock after purchasing an additional 269 shares during the period. Wellington Management Group LLP’s holdings in ANSYS were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after acquiring an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P increased its stake in ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after acquiring an additional 40 shares during the last quarter. Eads & Heald Wealth Management raised its position in ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in ANSYS by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after purchasing an additional 42 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Price Performance

ANSS opened at $334.48 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock’s 50 day simple moving average is $337.64 and its 200 day simple moving average is $325.65. The firm has a market cap of $29.25 billion, a price-to-earnings ratio of 51.62, a PEG ratio of 3.89 and a beta of 1.10. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $364.31.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the company’s 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 completion of the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.