E. Ohman J or Asset Management AB Raises Holdings in ANSYS, Inc. (NASDAQ:ANSS)

E. Ohman J or Asset Management AB increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 15.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,150 shares of the software maker’s stock after purchasing an additional 550 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in ANSYS were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ANSS. Stock Yards Bank & Trust Co. boosted its position in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares during the period. Greenleaf Trust boosted its position in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after buying an additional 32 shares during the period. Bangor Savings Bank boosted 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 worth $44,000 after buying an additional 34 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares during the period. Finally, BTC Capital Management Inc. boosted its position in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after buying an additional 36 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ANSS shares. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and an average target price of $346.67.

ANSYS Trading Up 0.0 %

NASDAQ:ANSS opened at $347.01 on Thursday. The firm has a market cap of $30.35 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.65 and a beta of 1.12. The stock has a fifty day moving average price of $344.38 and a 200 day moving average price of $330.28. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a current ratio of 3.11, a quick 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 ANSYS stock in a transaction dated Monday, January 13th. The stock was 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 directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

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.