Chicago Partners Investment Group LLC Buys 52 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Chicago Partners Investment Group LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 6.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 818 shares of the software maker’s stock after acquiring an additional 52 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in ANSYS were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new position in shares of ANSYS during the first quarter valued at $221,000. CWM LLC raised its stake in shares of ANSYS by 29.4% during the first quarter. CWM LLC now owns 8,941 shares of the software maker’s stock valued at $2,830,000 after acquiring an additional 2,032 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of ANSYS by 52.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 2,165 shares of the software maker’s stock valued at $685,000 after acquiring an additional 742 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of ANSYS by 27.1% during the first quarter. Tandem Investment Advisors Inc. now owns 14,647 shares of the software maker’s stock valued at $4,637,000 after acquiring an additional 3,120 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of ANSYS by 540.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,656 shares of the software maker’s stock valued at $2,423,000 after acquiring an additional 6,461 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSS opened at $374.30 on Tuesday. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $395.49. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $359.81 and a 200-day moving average of $338.21. The stock has a market cap of $32.91 billion, a PE ratio of 55.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.19.

Analysts Set New Price Targets

ANSS has been the subject of several analyst reports. Robert W. Baird set a $396.00 price target on shares of ANSYS in a research note on Monday, July 14th. Baird R W cut shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

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.