Institute for Wealth Management LLC. Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Institute for Wealth Management LLC. grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,148 shares of the software maker’s stock after acquiring an additional 72 shares during the quarter. Institute for Wealth Management LLC.’s holdings in ANSYS were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Affirmative Financial Network bought a new position in shares of ANSYS during the 4th quarter valued at approximately $202,000. Robeco Institutional Asset Management B.V. boosted its position in shares of ANSYS by 2.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 27,203 shares of the software maker’s stock valued at $9,176,000 after acquiring an additional 776 shares during the last quarter. R Squared Ltd bought a new position in shares of ANSYS during the 4th quarter valued at approximately $216,000. Buffington Mohr McNeal boosted its position in shares of ANSYS by 7.8% during the 4th quarter. Buffington Mohr McNeal now owns 3,125 shares of the software maker’s stock valued at $1,054,000 after acquiring an additional 225 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of ANSYS by 49.6% during the 4th quarter. Pacer Advisors Inc. now owns 24,425 shares of the software maker’s stock valued at $8,239,000 after acquiring an additional 8,103 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Down 0.3 %

Shares of ANSS opened at $350.50 on Friday. The company has a market cap of $30.65 billion, a PE ratio of 54.09, a P/E/G ratio of 3.61 and a beta of 1.11. The business has a fifty day moving average of $344.54 and a 200 day moving average of $329.61. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $346.67.

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.