EP Wealth Advisors LLC Acquires 65 Shares of ANSYS, Inc. (NASDAQ:ANSS)

EP Wealth Advisors LLC raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 9.2% during the third quarter, Holdings Channel reports. The institutional investor owned 770 shares of the software maker’s stock after buying an additional 65 shares during the quarter. EP Wealth Advisors LLC’s holdings in ANSYS were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. DT Investment Partners LLC lifted its position in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS in the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS in the second quarter worth approximately $38,000. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of ANSYS by 2,833.3% during the third 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 during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Down 0.4 %

ANSS stock opened at $340.24 on Friday. The stock has a market cap of $29.75 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.89 and a beta of 1.10. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $336.35 and its two-hundred day simple moving average is $325.19. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $364.31.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Company 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.