ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 70.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,663 shares of the software maker’s stock after purchasing an additional 7,703 shares during the period. ANSYS makes up approximately 2.8% of Bardin Hill Management Partners LP’s portfolio, making the stock its 14th biggest holding. Bardin Hill Management Partners LP’s holdings in ANSYS were worth $5,947,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ANSS. Cetera Investment Advisers increased its holdings 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 buying an additional 10,164 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new position in ANSYS in the 3rd quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. KBC Group NV grew its holdings 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 purchasing an additional 19,149 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of ANSYS by 5.9% in the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after buying an additional 1,518 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ANSS shares. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird increased 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. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Trading Up 0.9 %

Shares of ANSS stock opened at $351.10 on Monday. ANSYS, Inc. has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. 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’s fifty day moving average is $330.99 and its two-hundred day moving average is $323.90. The firm has a market capitalization of $30.70 billion, a P/E ratio of 54.18, a PEG ratio of 3.98 and a beta of 1.11.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the company’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 completion of the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This 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 at this link. Company insiders own 0.46% of the company’s stock.

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.