ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,529 shares of the software maker’s stock after purchasing an additional 2,880 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in ANSYS were worth $24,703,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ANSS. DT Investment Partners LLC boosted its stake in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the second quarter worth $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS in the second quarter worth $38,000. Bangor Savings Bank boosted its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in 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. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Price Performance

Shares of ANSS traded down $1.83 on Thursday, hitting $348.02. The company’s stock had a trading volume of 428,446 shares, compared to its average volume of 527,075. The company has a market capitalization of $30.43 billion, a PE ratio of 53.71, a PEG ratio of 3.99 and a beta of 1.11. 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 fifty-two week low of $275.81 and a fifty-two week high of $364.31. The company has a 50 day moving average price of $329.86 and a 200 day moving average price of $323.63.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction 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 sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ANSS shares. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.