Empowered Funds LLC Increases Position in ANSYS, Inc. (NASDAQ:ANSS)

Empowered Funds LLC increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 23.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,467 shares of the software maker’s stock after acquiring an additional 277 shares during the quarter. Empowered Funds LLC’s holdings in ANSYS were worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DT Investment Partners LLC grew 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 during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS during the second quarter worth about $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS in the second quarter worth about $38,000. Bangor Savings Bank lifted its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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 value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. 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 research report on Tuesday, August 6th. Finally, Robert W. Baird lifted their price objective 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, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $342.50.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $350.00 on Monday. ANSYS, Inc. has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market capitalization of $30.61 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 3.95 and a beta of 1.11. The company’s fifty day moving average price is $327.83 and its 200-day moving average price is $323.13.

ANSYS 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.