Catalyst Financial Partners LLC Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Catalyst Financial Partners LLC acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 623 shares of the software maker’s stock, valued at approximately $210,000.

Other hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS in the 4th quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of 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 during the period. Intact Investment Management Inc. bought a new position in shares of ANSYS during the third quarter worth approximately $70,000. Brooklyn Investment Group bought a new position in ANSYS in the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC increased its stake in ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of ANSS stock opened at $338.93 on Friday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a 50 day moving average of $343.20 and a 200-day moving average of $331.41. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird increased their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has an average rating of “Hold” and a consensus target price of $346.67.

ANSYS Company 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.