ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,551 shares of the software maker’s stock after acquiring an additional 172 shares during the quarter. GAMMA Investing LLC’s holdings in ANSYS were worth $523,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its position in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the period. Geode Capital Management LLC boosted its stake in ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after buying an additional 37,577 shares during the last quarter. Earnest Partners LLC grew its holdings in ANSYS by 2.5% in 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 period. Impax Asset Management Group plc increased its stake in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after acquiring an additional 44,605 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ANSYS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock worth $169,556,000 after acquiring an additional 8,706 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ANSS has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and a consensus price target of $342.50.

ANSYS Price Performance

ANSYS stock opened at $338.38 on Monday. The firm has a fifty day moving average of $340.44 and a 200-day moving average of $326.89. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $29.59 billion, a P/E ratio of 52.22, a PEG ratio of 3.89 and a beta of 1.10.

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.