Mutual Advisors LLC Makes New $215,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

Mutual Advisors LLC purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 625 shares of the software maker’s stock, valued at approximately $215,000.

Several other institutional investors have also added to or reduced their stakes in 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 worth $44,000 after buying an additional 34 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after purchasing an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after purchasing an additional 37 shares during the last quarter. Mirador Capital Partners LP boosted its stake in shares of ANSYS by 1.9% in the fourth quarter. Mirador Capital Partners LP now owns 1,957 shares of the software maker’s stock valued at $660,000 after purchasing an additional 37 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of ANSYS by 1.8% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock valued at $748,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 1.5 %

ANSS opened at $350.23 on Wednesday. The company has a market cap of $30.63 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 3.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The business’s fifty day moving average is $344.20 and its two-hundred day moving average is $329.19.

Analyst Ratings Changes

ANSS has been the topic 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 company an “outperform” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $346.67.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business’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 value 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. The trade was 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 currently 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.