Janney Montgomery Scott LLC Acquires 554 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Janney Montgomery Scott LLC raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,423 shares of the software maker’s stock after purchasing an additional 554 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ANSYS were worth $10,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ANSS. DT Investment Partners LLC grew its position in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new stake in ANSYS during the 2nd quarter valued at $38,000. Bangor Savings Bank lifted its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in ANSYS by 2,833.3% during the third 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. 92.39% of the stock is currently owned by institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSYS stock opened at $333.62 on Thursday. The company has a market capitalization of $29.15 billion, a PE ratio of 58.94, a P/E/G ratio of 6.94 and a beta of 1.11. The company has a 50-day simple moving average of $320.75 and a two-hundred day simple moving average of $321.58. 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 quick ratio of 2.95 and a current ratio of 2.95.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent analyst reports. Rosenblatt Securities reduced their target price 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. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $325.00.

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.