Avanza Fonder AB Acquires New Stake in ANSYS, Inc. (NASDAQ:ANSS)

Avanza Fonder AB acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,924 shares of the software maker's stock, valued at approximately $2,336,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bangor Savings Bank grew 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 in the last quarter. OneDigital Investment Advisors LLC raised its position in ANSYS by 3.0% during 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 in the last quarter. Mirador Capital Partners LP lifted its holdings in shares of ANSYS by 1.9% in the 4th quarter. Mirador Capital Partners LP now owns 1,957 shares of the software maker's stock worth $660,000 after buying an additional 37 shares during the period. Wedmont Private Capital grew its position in shares of ANSYS by 1.8% during the 4th quarter. Wedmont Private Capital now owns 2,215 shares of the software maker's stock worth $748,000 after buying an additional 39 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its stake in shares of ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

ANSYS Stock Up 1.6 %

Shares of ANSS stock traded up $5.51 during mid-day trading on Friday, hitting $349.93. 608,368 shares of the stock traded hands, compared to its average volume of 413,257. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The stock has a market cap of $30.60 billion, a P/E ratio of 54.00, a P/E/G ratio of 3.52 and a beta of 1.11. 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 stock's fifty day moving average is $342.66 and its two-hundred day moving average is $328.13.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $346.67.

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.