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

Trust Point Inc. purchased a new position in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,208 shares of the software maker’s stock, valued at approximately $745,000.

A number of other large investors also recently modified their holdings of the company. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. raised its position in shares of ANSYS by 2,833.3% in 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. bought a new stake in ANSYS during the third quarter valued at $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the third quarter worth about $119,000. Finally, Asset Dedication LLC increased its stake in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 0.1 %

ANSS opened at $346.96 on Wednesday. The company 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 12 month low of $289.82 and a 12 month high of $363.03. The business’s 50-day moving average price is $344.44 and its 200-day moving average price is $330.05. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANSS. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities 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 stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $346.67.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS 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.