Wilmington Savings Fund Society FSB Invests $174,000 in ANSYS, Inc. (NASDAQ:ANSS)

Wilmington Savings Fund Society FSB purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 3rd quarter, HoldingsChannel reports. The fund purchased 547 shares of the software maker’s stock, valued at approximately $174,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ANSS. State Street Corp raised its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after purchasing an additional 37,577 shares during the last quarter. Earnest Partners LLC lifted its position in ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after buying an additional 15,012 shares in the last quarter. Impax Asset Management Group plc boosted its stake in ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after buying an additional 44,605 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after buying an additional 8,706 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ANSYS Stock Down 2.7 %

Shares of ANSS opened at $333.70 on Thursday. The company’s 50-day moving average price is $337.53 and its 200 day moving average price is $325.59. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $364.31. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market cap of $29.18 billion, a P/E ratio of 51.50, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10.

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.