Plato Investment Management Ltd Acquires 1,834 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Plato Investment Management Ltd boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 36,680.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,839 shares of the software maker’s stock after purchasing an additional 1,834 shares during the quarter. Plato Investment Management Ltd’s holdings in ANSYS were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of ANSYS by 18.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,140 shares of the software maker’s stock worth $363,000 after buying an additional 181 shares during the period. Aigen Investment Management LP boosted its holdings in shares of ANSYS by 68.8% during the third quarter. Aigen Investment Management LP now owns 3,826 shares of the software maker’s stock worth $1,219,000 after acquiring an additional 1,560 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of ANSYS in the third quarter valued at approximately $451,000. Finally, Versor Investments LP increased its stake in shares of ANSYS by 12.0% during the third quarter. Versor Investments LP now owns 26,225 shares of the software maker’s stock worth $8,356,000 after purchasing an additional 2,819 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS 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 transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by insiders.

ANSYS Stock Performance

NASDAQ:ANSS opened at $340.28 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 3.90 and a beta of 1.11. The stock has a fifty day moving average price of $323.79 and a 200-day moving average price of $322.23.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ANSS. Rosenblatt Securities reduced their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird upped their price target 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. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Company 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.