Quest Partners LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Quest Partners LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 838.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,492 shares of the software maker’s stock after purchasing an additional 4,907 shares during the period. Quest Partners LLC’s holdings in ANSYS were worth $1,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. Earnest Partners LLC lifted its position in shares of ANSYS by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock valued at $195,160,000 after buying an additional 15,012 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after purchasing an additional 44,605 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock worth $167,985,000 after purchasing an additional 22,836 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of ANSYS by 1.6% in the second quarter. Sei Investments Co. now owns 423,892 shares of the software maker’s stock valued at $136,281,000 after purchasing an additional 6,867 shares during the period. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $336.40 on Tuesday. The stock’s 50-day simple moving average is $325.48 and its two-hundred day simple moving average is $322.51. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31. The firm has a market capitalization of $29.42 billion, a P/E ratio of 51.91, a P/E/G ratio of 3.76 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

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