ClearAlpha Technologies LP Has $8.90 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

ClearAlpha Technologies LP trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,938 shares of the software maker’s stock after selling 388 shares during the quarter. ANSYS accounts for about 2.5% of ClearAlpha Technologies LP’s portfolio, making the stock its 6th largest position. ClearAlpha Technologies LP’s holdings in ANSYS were worth $8,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DT Investment Partners LLC lifted its stake 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 acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in shares of ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank boosted its stake in shares of ANSYS by 32.7% in 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 position in shares of 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 buying an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered 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 objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $342.50.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS opened at $351.10 on Monday. The company has a market cap of $30.70 billion, a P/E ratio of 54.18, a PEG ratio of 3.98 and a beta of 1.11. The company has a fifty day simple moving average of $330.99 and a 200 day simple moving average of $323.90. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month 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.