Strategic Financial Concepts LLC Buys New Stake in ANSYS, Inc. (NASDAQ:ANSS)

Strategic Financial Concepts LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,529 shares of the software maker’s stock, valued at approximately $5,576,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. bought a new stake in ANSYS during the 4th quarter worth approximately $27,000. Intact Investment Management Inc. acquired a new position in ANSYS in the third quarter worth $70,000. Brooklyn Investment Group bought a new stake in shares of ANSYS during the third quarter worth $119,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ANSYS in the third quarter valued at $174,000. Finally, Cyndeo Wealth Partners LLC bought a new position in shares of ANSYS in the fourth quarter valued at about $201,000. 92.39% of the stock is owned by institutional investors.

ANSYS Price Performance

Shares of ANSS stock opened at $338.93 on Monday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 3.61 and a beta of 1.12. The stock has a 50-day moving average price of $343.07 and a 200 day moving average price of $331.80.

Insider Activity at ANSYS

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird increased their price target 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $346.67.

About ANSYS

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.