Park Avenue Securities LLC Has $1.78 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Park Avenue Securities LLC grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,261 shares of the software maker's stock after purchasing an additional 865 shares during the period. Park Avenue Securities LLC's holdings in ANSYS were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bangor Savings Bank lifted its holdings in shares of ANSYS by 32.7% during 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 during the last quarter. OneDigital Investment Advisors LLC lifted its stake in ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after buying an additional 37 shares in the last quarter. Wedmont Private Capital increased its position in shares of ANSYS by 1.8% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker's stock worth $748,000 after acquiring an additional 39 shares in the last quarter. Eads & Heald Wealth Management increased its position 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 worth $807,000 after acquiring an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings 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 period. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Stock Up 1.6 %

Shares of ANSYS stock traded up $5.51 on Friday, hitting $349.93. 608,368 shares of the company traded hands, compared to its average volume of 413,257. 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 12-month low of $289.82 and a 12-month high of $363.03. The company has a 50-day moving average price of $342.66 and a 200 day moving average price of $328.12. The company has a market cap of $30.60 billion, a PE ratio of 54.00, a PEG ratio of 3.52 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ANSS shares. StockNews.com cut 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 target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has an average rating of "Hold" and an average price target of $346.67.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm'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 transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

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.