Wealth Enhancement Advisory Services LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Wealth Enhancement Advisory Services LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 29.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,147 shares of the software maker’s stock after buying an additional 717 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ANSYS were worth $1,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. DT Investment Partners LLC lifted its holdings in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS during the second quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the second quarter valued at approximately $38,000. 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. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of ANSYS by 2,800.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 174 shares of the software maker’s stock valued at $60,000 after purchasing an additional 168 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $324.48 on Wednesday. The company has a market capitalization of $28.36 billion, a P/E ratio of 57.33, a price-to-earnings-growth ratio of 6.94 and a beta of 1.11. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $320.39 and a 200 day moving average of $321.49. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ANSS has been the subject of several recent research reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $325.00.

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.