R Squared Ltd Invests $216,000 in ANSYS, Inc. (NASDAQ:ANSS)

R Squared Ltd bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 640 shares of the software maker’s stock, valued at approximately $216,000.

Several other hedge funds also recently bought and sold shares of the stock. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% in the 3rd 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 last quarter. DiNuzzo Private Wealth Inc. lifted 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 purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. purchased a new position in shares of ANSYS during the third quarter worth $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS in the third quarter valued at $119,000. Finally, Asset Dedication LLC raised its holdings in shares of ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

ANSYS stock opened at $350.23 on Wednesday. The stock has a market cap of $30.63 billion, a P/E ratio of 54.05, a price-to-earnings-growth ratio of 3.72 and a beta of 1.11. The company has a fifty day simple moving average of $344.20 and a 200-day simple moving average of $329.19. 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 $289.82 and a 12-month high of $363.03.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent research reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $346.67.

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.