ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 392.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,876 shares of the software maker’s stock after acquiring an additional 3,089 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in ANSYS were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. DT Investment Partners LLC raised its holdings in shares of ANSYS by 888.9% in the second 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 purchased a new position in ANSYS in the 2nd quarter worth $32,000. Rothschild Investment LLC acquired a new stake in ANSYS during the 2nd quarter worth about $38,000. Bangor Savings Bank grew its stake 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. increased its holdings 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 valued at $56,000 after purchasing an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ANSS has been the topic of several recent research reports. Robert W. Baird upped their price objective 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 cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSYS stock opened at $339.52 on Wednesday. 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 company’s fifty day moving average price is $326.10 and its 200 day moving average price is $322.65. The stock has a market capitalization of $29.69 billion, a P/E ratio of 52.40, a P/E/G ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a 1 year low of $275.81 and a 1 year high of $364.31.

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.