Catalyst Financial Partners LLC Takes $210,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Catalyst Financial Partners LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 623 shares of the software maker’s stock, valued at approximately $210,000.

Several other large investors also recently added to or reduced their stakes in ANSS. Phraction Management LLC bought a new stake in shares of ANSYS during the 4th quarter valued at about $1,716,000. Fiera Capital Corp lifted its position in ANSYS by 8.8% in the fourth quarter. Fiera Capital Corp now owns 168,992 shares of the software maker’s stock valued at $57,006,000 after purchasing an additional 13,678 shares during the last quarter. Portfolio Design Labs LLC bought a new stake in ANSYS in the fourth quarter valued at approximately $279,000. Savant Capital LLC purchased a new position in shares of ANSYS during the fourth quarter valued at approximately $203,000. Finally, Apollon Wealth Management LLC increased its stake in shares of ANSYS by 17.6% during the fourth quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock valued at $431,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 0.1 %

ANSYS stock opened at $338.93 on Friday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $343.20 and its two-hundred day simple moving average is $331.41. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $346.67.

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.