Brooklyn Investment Group Buys Shares of 373 ANSYS, Inc. (NASDAQ:ANSS)

Brooklyn Investment Group bought a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 373 shares of the software maker’s stock, valued at approximately $119,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANSS. B. Riley Wealth Advisors Inc. purchased a new position in ANSYS in the first quarter valued at about $377,000. Tidal Investments LLC boosted its stake in ANSYS by 9.8% in the first quarter. Tidal Investments LLC now owns 9,418 shares of the software maker’s stock valued at $3,270,000 after acquiring an additional 839 shares during the last quarter. Wahed Invest LLC boosted its stake in ANSYS by 15.1% in the first quarter. Wahed Invest LLC now owns 1,700 shares of the software maker’s stock valued at $590,000 after acquiring an additional 223 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of ANSYS in the first quarter valued at approximately $387,000. Finally, Cetera Investment Advisers raised its position in shares of ANSYS by 392.9% in 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 during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’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 sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ANSS. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities lowered 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. Finally, StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Performance

ANSYS stock opened at $348.02 on Thursday. The firm’s 50 day simple moving average is $329.86 and its 200 day simple moving average is $323.63. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $30.43 billion, a PE ratio of 53.71, a price-to-earnings-growth ratio of 3.99 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.