Harvest Fund Management Co. Ltd Has $1.28 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Harvest Fund Management Co. Ltd increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 52.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,025 shares of the software maker’s stock after acquiring an additional 1,383 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in ANSYS were worth $1,282,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ANSS. DT Investment Partners LLC raised its stake in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at about $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at about $38,000. Bangor Savings Bank raised its stake in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of ANSYS 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 completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents 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 this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $352.14 on Tuesday. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 54.34, a PEG ratio of 3.96 and a beta of 1.11. The business has a 50-day moving average of $328.51 and a 200-day moving average of $323.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $342.50.

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.