Quest Partners LLC Boosts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Quest Partners LLC increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 838.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,492 shares of the software maker’s stock after purchasing an additional 4,907 shares during the period. Quest Partners LLC’s holdings in ANSYS were worth $1,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. DT Investment Partners LLC boosted its position in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter valued at about $32,000. Rothschild Investment LLC bought a new position in ANSYS during the 2nd quarter worth approximately $38,000. Bangor Savings Bank increased its stake in 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 purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position in ANSYS by 2,833.3% in 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 own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction 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 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $336.40 on Tuesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The stock has a market cap of $29.42 billion, a P/E ratio of 51.91, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. The firm’s fifty day simple moving average is $325.48 and its 200 day simple moving average is $322.51.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ANSS. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $342.50.

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.