XTX Topco Ltd Invests $518,000 in ANSYS, Inc. (NASDAQ:ANSS)

XTX Topco Ltd purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,625 shares of the software maker’s stock, valued at approximately $518,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bangor Savings Bank lifted its position in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after buying an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P grew its stake in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after purchasing an additional 40 shares during the last quarter. Eads & Heald Wealth Management boosted its stake in shares of ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock worth $807,000 after buying an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after buying an additional 42 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

ANSS stock opened at $340.24 on Friday. The stock’s 50 day moving average price is $336.35 and its 200 day moving average price is $325.19. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $364.31. The firm has a market cap of $29.75 billion, a P/E ratio of 52.51, a PEG ratio of 3.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the firm’s 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ANSS has been the topic of several analyst reports. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS 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.