757 Shares in ANSYS, Inc. (NASDAQ:ANSS) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 757 shares of the software maker's stock, valued at approximately $255,000.

A number of other large investors have also bought and sold shares of the stock. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% during 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 during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock worth $409,000 after buying an additional 37 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of ANSYS by 1.8% in 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. Eads & Heald Wealth Management grew its holdings in shares of 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 in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of ANSYS by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock valued at $509,000 after acquiring an additional 42 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on ANSS shares. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Robert W. Baird increased their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $346.67.

ANSYS Price Performance

ANSYS stock traded up $5.51 during midday trading on Friday, hitting $349.93. 608,368 shares of the company's stock were exchanged, compared to its average volume of 413,257. The company has a market cap of $30.60 billion, a P/E ratio of 54.00, a PEG ratio of 3.52 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. The stock has a 50-day moving average price of $342.66 and a two-hundred day moving average price of $328.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS 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.