MML Investors Services LLC Raises Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

MML Investors Services LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,950 shares of the software maker’s stock after acquiring an additional 648 shares during the period. MML Investors Services LLC’s holdings in ANSYS were worth $3,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its stake in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in shares of ANSYS during the second quarter valued at approximately $38,000. Bangor Savings Bank lifted its position in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of ANSYS stock opened at $340.24 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The business’s 50 day moving average price is $336.35 and its 200 day moving average price is $325.19. The company has a market cap of $29.75 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 3.89 and a beta of 1.10. ANSYS, Inc. has a one year low of $289.82 and a one year high of $364.31.

Analysts Set New Price Targets

Several research firms recently commented on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS 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.