Paloma Partners Management Co Has $928,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Paloma Partners Management Co trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 41.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,911 shares of the software maker’s stock after selling 2,080 shares during the period. Paloma Partners Management Co’s holdings in ANSYS were worth $928,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DT Investment Partners LLC boosted its position in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS in the second quarter valued at $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter worth $38,000. Bangor Savings Bank raised its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The shares were 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 owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ANSS has been the topic of several recent analyst reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Trading Down 0.2 %

Shares of ANSS stock opened at $350.51 on Tuesday. ANSYS, Inc. has a 12-month low of $275.81 and a 12-month high of $364.31. The firm has a 50 day moving average price of $331.57 and a two-hundred day moving average price of $324.07. 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 capitalization of $30.65 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.11.

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.