Metis Global Partners LLC Acquires 1,177 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Metis Global Partners LLC grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,577 shares of the software maker’s stock after acquiring an additional 1,177 shares during the quarter. Metis Global Partners LLC’s holdings in ANSYS were worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ANSS. DT Investment Partners LLC lifted its position in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the second quarter worth $32,000. Rothschild Investment LLC bought a new position in ANSYS during the second quarter valued at approximately $38,000. Bangor Savings Bank raised its stake in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANSS has been the subject of a number of research reports. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird boosted 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. One 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $342.50.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’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 sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Trading Down 2.3 %

Shares of ANSYS stock opened at $332.38 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 stock’s 50 day simple moving average is $324.40 and its 200-day simple moving average is $322.35. The stock has a market cap of $29.07 billion, a P/E ratio of 51.73, a P/E/G ratio of 3.90 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 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.