Wealth Enhancement Advisory Services LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Wealth Enhancement Advisory Services LLC lifted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,219 shares of the software maker’s stock after purchasing an additional 72 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ANSYS were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bangor Savings Bank lifted 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 last quarter. DiNuzzo Private Wealth Inc. raised its holdings 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 during the period. Intact Investment Management Inc. bought a new stake in shares of ANSYS during the 3rd quarter worth approximately $70,000. Brooklyn Investment Group purchased a new position in ANSYS during the 3rd quarter valued at $119,000. Finally, Asset Dedication LLC grew its position 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 acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 1.0 %

ANSS stock opened at $343.07 on Thursday. 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’s fifty day simple moving average is $342.54 and its 200-day simple moving average is $327.69. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market capitalization of $30.00 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ANSS shares. Robert W. Baird lifted their price objective 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 research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus target price of $342.50.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.