Plato Investment Management Ltd Purchases 1,834 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Plato Investment Management Ltd raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 36,680.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,839 shares of the software maker’s stock after purchasing an additional 1,834 shares during the period. Plato Investment Management Ltd’s holdings in ANSYS were worth $585,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ANSS. Swedbank AB bought a new stake in shares of ANSYS in the 1st quarter valued at $128,089,000. M&G Plc acquired a new position in ANSYS in the first quarter valued at about $115,922,000. Magnetar Financial LLC bought a new stake in shares of ANSYS in the first quarter worth about $72,797,000. Matrix Capital Management Company LP acquired a new stake in shares of ANSYS during the first quarter worth about $50,338,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of ANSYS by 1,052.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock valued at $34,460,000 after purchasing an additional 90,653 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated 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 owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

NASDAQ:ANSS opened at $340.28 on Friday. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The company has a market cap of $29.76 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The stock’s 50-day simple moving average is $323.79 and its 200 day simple moving average is $322.23.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Rosenblatt Securities cut their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average price target of $342.50.

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.