Trust Point Inc. Acquires Shares of 2,208 ANSYS, Inc. (NASDAQ:ANSS)

Trust Point Inc. bought a new position in ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,208 shares of the software maker’s stock, valued at approximately $745,000.

Several other institutional investors have also recently made changes to their positions in ANSS. Bangor Savings Bank grew its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. boosted its holdings in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of ANSYS in the 3rd quarter worth about $70,000. Brooklyn Investment Group bought a new position in shares of ANSYS in the 3rd quarter worth about $119,000. Finally, Asset Dedication LLC lifted its position in ANSYS by 35.1% during the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after acquiring an additional 100 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.1 %

NASDAQ:ANSS opened at $346.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm has a market cap of $30.34 billion, a P/E ratio of 53.54, a P/E/G ratio of 3.65 and a beta of 1.12. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm has a 50-day simple moving average of $344.44 and a two-hundred day simple moving average of $330.05.

Analysts Set New Price Targets

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

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

About ANSYS

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.