D1 Capital Partners L.P. Invests $73.35 Million in ANSYS, Inc. (NASDAQ:ANSS)

D1 Capital Partners L.P. bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 230,189 shares of the software maker’s stock, valued at approximately $73,345,000. ANSYS makes up 1.4% of D1 Capital Partners L.P.’s holdings, making the stock its 24th biggest position. D1 Capital Partners L.P. owned about 0.26% of ANSYS as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% in the 2nd 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 bought a new stake in ANSYS during the second quarter worth about $32,000. Rothschild Investment LLC bought a new stake in ANSYS during the second quarter worth about $38,000. Bangor Savings Bank increased its position in shares of 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. raised its holdings in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were 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. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Stock Performance

ANSYS stock opened at $348.02 on Friday. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The stock’s 50 day simple moving average is $330.37 and its two-hundred day simple moving average is $323.80. 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 stock has a market cap of $30.43 billion, a price-to-earnings ratio of 53.71, a PEG ratio of 3.99 and a beta of 1.11.

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.