654 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new position in ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 654 shares of the software maker’s stock, valued at approximately $208,000.

A number of other institutional investors have also modified their holdings of ANSS. B. Riley Wealth Advisors Inc. purchased a new position in shares of ANSYS during the first quarter worth approximately $377,000. Virtu Financial LLC bought a new position in shares of ANSYS during the first quarter valued at approximately $387,000. Cetera Investment Advisers boosted its stake in shares of ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after purchasing an additional 10,164 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of ANSYS by 59.2% during the first quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after purchasing an additional 597 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ANSYS by 121.0% during the second quarter. GAMMA Investing LLC now owns 1,286 shares of the software maker’s stock valued at $413,000 after purchasing an additional 704 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of recent research reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $342.50.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Trading Up 0.9 %

NASDAQ ANSS opened at $351.10 on Friday. The company has a fifty day simple moving average of $330.99 and a two-hundred day simple moving average of $323.96. The stock has a market cap of $30.70 billion, a P/E ratio of 54.18, a P/E/G ratio of 3.94 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31. 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 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.