ANSYS, Inc. (NASDAQ:ANSS) Position Boosted by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 28.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,012 shares of the software maker’s stock after buying an additional 223 shares during the quarter. Van ECK Associates Corp’s holdings in ANSYS were worth $326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DT Investment Partners LLC lifted its position 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 buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in ANSYS in the second quarter worth about $32,000. Rothschild Investment LLC acquired a new position in ANSYS in the second quarter valued at approximately $38,000. Bangor Savings Bank boosted its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares during the period. 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 purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ANSS shares. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $333.00.

ANSYS Trading Down 0.5 %

Shares of ANSYS stock opened at $344.48 on Wednesday. The business has a fifty day simple moving average of $322.38 and a 200-day simple moving average of $322.00. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 7.33 and a beta of 1.11. The company has a quick ratio of 2.95, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is 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.