Cyndeo Wealth Partners LLC Buys New Position in ANSYS, Inc. (NASDAQ:ANSS)

Cyndeo Wealth Partners LLC purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 597 shares of the software maker’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in ANSS. D1 Capital Partners L.P. purchased a new stake in ANSYS in the third quarter worth approximately $73,345,000. State Street Corp boosted its stake in shares of 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 purchasing an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. raised its position in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of ANSYS by 140.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after buying an additional 80,886 shares during the last quarter. Finally, CCLA Investment Management grew its position in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after acquiring an additional 47,331 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

ANSS stock opened at $357.37 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The firm has a 50-day moving average of $344.03 and a 200 day moving average of $329.08. The company has a market cap of $31.25 billion, a P/E ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $346.67.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.