Harvest Fund Management Co. Ltd Buys 1,383 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harvest Fund Management Co. Ltd grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 52.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,025 shares of the software maker’s stock after purchasing an additional 1,383 shares during the period. Harvest Fund Management Co. Ltd’s holdings in ANSYS were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Swedbank AB bought a new stake in ANSYS during the 1st quarter worth approximately $128,089,000. Bank of Montreal Can grew its position in ANSYS by 72.8% during the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock worth $69,488,000 after acquiring an additional 89,840 shares during the last quarter. Calamos Advisors LLC bought a new stake in ANSYS during the 2nd quarter worth approximately $27,328,000. DekaBank Deutsche Girozentrale grew its position in ANSYS by 20.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after acquiring an additional 84,353 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in ANSYS by 140.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock worth $44,565,000 after acquiring an additional 80,886 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities decreased their price objective on 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 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 issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Activity

In other 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 value of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

ANSS stock opened at $352.14 on Tuesday. The business’s fifty day moving average is $328.51 and its 200-day moving average is $323.31. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $30.79 billion, a P/E ratio of 54.34, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

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.