691 Shares in ANSYS, Inc. (NASDAQ:ANSS) Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 3rd quarter, Holdings Channel reports. The fund bought 691 shares of the software maker’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank increased its stake in shares of ANSYS by 32.7% in the third 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. Gardner Lewis Asset Management L P increased its position in ANSYS by 1.9% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after buying an additional 40 shares during the period. Eads & Heald Wealth Management lifted its holdings in shares of ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock worth $807,000 after buying an additional 40 shares during the last quarter. PFG Advisors boosted its position in shares of ANSYS by 0.4% in the second quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock valued at $3,960,000 after acquiring an additional 46 shares during the period. Finally, Raymond James & Associates grew its stake in shares of ANSYS by 0.4% in the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ANSS shares. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, ANSYS has an average rating of “Hold” and an average price target of $325.00.

ANSYS Price Performance

Shares of ANSYS stock opened at $324.48 on Wednesday. The firm has a market cap of $28.36 billion, a P/E ratio of 57.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.11. The firm’s 50-day simple moving average is $320.39 and its 200-day simple moving average is $321.49. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

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.