Oak Thistle LLC Purchases Shares of 757 ANSYS, Inc. (NASDAQ:ANSS)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Signal Advisors Wealth LLC raised its stake in ANSYS by 12.2% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,143 shares of the software maker’s stock valued at $385,000 after purchasing an additional 124 shares during the period. FNY Investment Advisers LLC grew its holdings in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock valued at $2,036,000 after buying an additional 2,659 shares in the last quarter. Wedmont Private Capital raised its position in shares of ANSYS by 1.8% during the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock valued at $748,000 after buying an additional 39 shares during the last quarter. Czech National Bank lifted its holdings in shares of ANSYS by 6.5% in the fourth quarter. Czech National Bank now owns 18,961 shares of the software maker’s stock worth $6,396,000 after buying an additional 1,160 shares in the last quarter. Finally, Graypoint LLC purchased a new position in shares of ANSYS in the fourth quarter worth $214,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Performance

ANSYS stock opened at $349.93 on Friday. The company’s 50-day moving average price is $342.66 and its 200-day moving average price is $328.12. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $30.60 billion, a PE ratio of 54.00, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03.

Wall Street Analysts Forecast Growth

Several analysts have commented on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $346.67.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by 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.