Quantinno Capital Management LP Purchases 716 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Quantinno Capital Management LP grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 29.7% in the third quarter, HoldingsChannel.com reports. The fund owned 3,129 shares of the software maker’s stock after buying an additional 716 shares during the period. Quantinno Capital Management LP’s holdings in ANSYS were worth $997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Caldwell Investment Management Ltd. acquired a new position in ANSYS in the 3rd quarter valued at about $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV grew its holdings in ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after buying an additional 19,149 shares in the last quarter. CIBC Asset Management Inc increased its position in ANSYS by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after buying an additional 1,518 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of ANSYS by 12.6% during the third quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock worth $5,190,000 after buying an additional 1,818 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Trading Down 0.4 %

ANSS opened at $340.24 on Friday. The company’s 50 day moving average is $336.35 and its 200-day moving average is $325.19. The company has a market cap of $29.75 billion, a P/E ratio of 52.51, a PEG ratio of 3.89 and a beta of 1.10. 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 1-year low of $289.82 and a 1-year high of $364.31.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $342.50.

About ANSYS

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.