Blue Trust Inc. Has $927,000 Stake in ANSYS, Inc. (NASDAQ:ANSS)

Blue Trust Inc. raised its position in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,909 shares of the software maker’s stock after acquiring an additional 324 shares during the period. Blue Trust Inc.’s holdings in ANSYS were worth $927,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bangor Savings Bank increased its holdings in shares of 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 buying an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of ANSYS during the third quarter worth approximately $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS during the third quarter worth approximately $119,000. Finally, Asset Dedication LLC increased its holdings in shares of ANSYS by 35.1% during the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

Shares of ANSYS stock opened at $350.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a market cap of $30.63 billion, a P/E ratio of 54.05, a P/E/G ratio of 3.72 and a beta of 1.11. The firm has a 50 day simple moving average of $344.20 and a 200 day simple moving average of $329.19. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $346.67.

Read Our Latest Research Report on ANSS

ANSYS Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSSFree Report).

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.