Penserra Capital Management LLC Boosts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Penserra Capital Management LLC raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 5.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,820 shares of the software maker’s stock after acquiring an additional 205 shares during the period. Penserra Capital Management LLC’s holdings in ANSYS were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. DT Investment Partners LLC lifted its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter worth $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS in the second quarter valued at about $38,000. Bangor Savings Bank increased its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its holdings 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 purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Price Performance

ANSS stock opened at $349.85 on Wednesday. The firm has a 50 day moving average of $329.17 and a 200-day moving average of $323.46. The company has a market cap of $30.59 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 3.96 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of analyst reports. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note 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 research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has an average 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.