Caldwell Investment Management Ltd. Buys New Stake in ANSYS, Inc. (NASDAQ:ANSS)

Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,800 shares of the software maker’s stock, valued at approximately $1,560,000. ANSYS makes up about 1.1% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 19th biggest holding.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers increased its stake in 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 last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of ANSYS by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after buying an additional 3,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after acquiring an additional 16,462 shares in the last quarter. KBC Group NV boosted its stake in ANSYS by 20.9% in the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after acquiring an additional 19,149 shares in the last quarter. Finally, Montanaro Asset Management Ltd lifted its holdings in shares of ANSYS by 4.9% in the 3rd quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock valued at $20,488,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of research reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $336.40 on Tuesday. 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 company’s 50-day moving average price is $325.48 and its 200 day moving average price is $322.51. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 3.76 and a beta of 1.11.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

About ANSYS

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.