Tidal Investments LLC Has $3.45 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Tidal Investments LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,841 shares of the software maker’s stock after purchasing an additional 520 shares during the period. Tidal Investments LLC’s holdings in ANSYS were worth $3,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DT Investment Partners LLC raised its position 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 during the period. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the second quarter worth $32,000. Rothschild Investment LLC bought a new position in shares of ANSYS in the second quarter valued at $38,000. Bangor Savings Bank lifted its position in 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 acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its stake in ANSYS by 2,833.3% during 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 last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This 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. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $340.24 on Friday. The company has a market capitalization of $29.75 billion, a P/E ratio of 52.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The company’s 50-day moving average is $336.35 and its 200 day moving average is $325.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $364.31.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANSS. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus 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.