Wahed Invest LLC Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Wahed Invest LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,118 shares of the software maker’s stock after purchasing an additional 234 shares during the quarter. Wahed Invest LLC’s holdings in ANSYS were worth $675,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ANSS. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% in 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 last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS in the 2nd quarter worth about $32,000. Rothschild Investment LLC bought a new position in ANSYS during the 2nd quarter valued at about $38,000. Bangor Savings Bank grew its holdings in ANSYS by 32.7% during 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 last quarter. Finally, DiNuzzo Private Wealth Inc. grew its holdings 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. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.3 %

NASDAQ:ANSS opened at $345.30 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company’s fifty day moving average price is $333.34 and its 200-day moving average price is $324.63. ANSYS, Inc. has a 1-year low of $283.39 and a 1-year high of $364.31. The firm has a market capitalization of $30.20 billion, a P/E ratio of 53.29, a PEG ratio of 3.97 and a beta of 1.10.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS 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 transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on ANSS shares. Robert W. Baird upped their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.