ANSYS, Inc. (NASDAQ:ANSS) Stake Raised by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 106.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,610 shares of the software maker’s stock after purchasing an additional 1,862 shares during the period. Beverly Hills Private Wealth LLC’s holdings in ANSYS were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ANSS. Arthur M. Cohen & Associates LLC increased its holdings in shares of ANSYS by 2.5% in the second quarter. Arthur M. Cohen & Associates LLC now owns 1,239 shares of the software maker’s stock valued at $409,000 after buying an additional 30 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of ANSYS by 27.5% during the second quarter. Venturi Wealth Management LLC now owns 139 shares of the software maker’s stock worth $46,000 after purchasing an additional 30 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of ANSYS by 5.7% during the second quarter. ICICI Prudential Asset Management Co Ltd now owns 589 shares of the software maker’s stock valued at $195,000 after purchasing an additional 32 shares during the last quarter. Torray Investment Partners LLC boosted its position in shares of ANSYS by 0.6% in the 2nd quarter. Torray Investment Partners LLC now owns 5,495 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 33 shares during the period. Finally, Personal CFO Solutions LLC increased its stake in ANSYS by 2.8% in the 1st quarter. Personal CFO Solutions LLC now owns 1,268 shares of the software maker’s stock worth $422,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

ANSYS Trading Up 2.4 %

NASDAQ:ANSS opened at $297.94 on Wednesday. The company’s 50 day moving average is $294.60 and its 200-day moving average is $309.74. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. ANSYS, Inc. has a 12 month low of $230.00 and a 12 month high of $351.23. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 53.78, a P/E/G ratio of 5.57 and a beta of 1.20.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 222 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $292.95, for a total transaction of $65,034.90. Following the completion of the sale, the director now directly owns 3,399 shares in the company, valued at $995,737.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Glenda Dorchak sold 222 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $292.95, for a total transaction of $65,034.90. Following the completion of the transaction, the director now directly owns 3,399 shares in the company, valued at $995,737.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ajei Gopal sold 12,270 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $305.23, for a total transaction of $3,745,172.10. Following the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at approximately $65,312,199.71. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ANSS. William Blair reaffirmed a “market perform” rating on shares of ANSYS in a research note on Thursday, November 2nd. TheStreet downgraded shares of ANSYS from a “b-” rating to a “c+” rating in a research report on Tuesday, August 22nd. Oppenheimer lowered their price objective on shares of ANSYS from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Royal Bank of Canada decreased their target price on ANSYS from $310.00 to $290.00 and set a “sector perform” rating for the company in a research report on Friday, November 3rd. Finally, Bank of America lowered ANSYS from a “buy” rating to an “underperform” rating and dropped their price target for the company from $356.00 to $295.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and a consensus target price of $313.90.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.