ANSYS, Inc. (NASDAQ:ANSS) Stake Lifted by Eads & Heald Wealth Management

Eads & Heald Wealth Management grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,920 shares of the software maker’s stock after buying an additional 387 shares during the period. Eads & Heald Wealth Management’s holdings in ANSYS were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ANSS. Koshinski Asset Management Inc. grew its position in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares in the last quarter. Ulland Investment Advisors LLC increased its holdings in shares of ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after purchasing an additional 1,366 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of ANSYS by 950.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,680 shares of the software maker’s stock worth $567,000 after purchasing an additional 1,520 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $208,000. Finally, Avanza Fonder AB purchased a new position in ANSYS during the fourth quarter valued at approximately $2,336,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’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 value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird lifted 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $346.67.

ANSYS Stock Performance

ANSS stock opened at $352.07 on Wednesday. The firm has a 50 day moving average of $342.73 and a two-hundred day moving average of $328.29. 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 $30.79 billion, a price-to-earnings ratio of 54.33, a P/E/G ratio of 3.65 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

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.