ANSYS, Inc. (NASDAQ:ANSS) Position Raised by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. raised its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,300 shares of the software maker’s stock after purchasing an additional 48 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in ANSYS were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its position in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the period. DiNuzzo Private Wealth Inc. grew its holdings in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Intact Investment Management Inc. bought a new position in ANSYS in the 3rd quarter worth $70,000. Brooklyn Investment Group bought a new stake in shares of ANSYS in the third quarter valued at approximately $119,000. Finally, Asset Dedication LLC boosted its holdings in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after purchasing an additional 100 shares during the period. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

ANSYS Stock Down 1.1 %

ANSYS stock opened at $346.78 on Tuesday. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 53.52, a PEG ratio of 3.65 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. 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 company’s 50 day simple moving average is $344.55 and its 200 day simple moving average is $329.83.

Wall Street Analysts Forecast Growth

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

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.