ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 93,225 shares of the software maker's stock after buying an additional 877 shares during the period. ANSYS accounts for approximately 0.9% of Carnegie Investment Counsel's portfolio, making the stock its 23rd largest holding. Carnegie Investment Counsel owned approximately 0.11% of ANSYS worth $31,447,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank grew its holdings in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after buying an additional 34 shares during the period. OneDigital Investment Advisors LLC increased its position in ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock worth $409,000 after purchasing an additional 37 shares during the last quarter. Mirador Capital Partners LP boosted 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 valued at $660,000 after purchasing an additional 37 shares during the last quarter. Wedmont Private Capital increased its holdings 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 during the last quarter. Finally, Eads & Heald Wealth Management boosted its holdings in ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Stock Performance

ANSS stock traded up $4.77 during trading on Friday, hitting $349.19. 110,416 shares of the company's stock traded hands, compared to its average volume of 443,986. The stock has a fifty day moving average price of $342.73 and a two-hundred day moving average price of $327.80. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The stock has a market capitalization of $30.54 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of analysts recently 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 target price on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $342.50.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the company'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 sale, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

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.