ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Buffington Mohr McNeal

Buffington Mohr McNeal lifted its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,125 shares of the software maker’s stock after acquiring an additional 225 shares during the period. Buffington Mohr McNeal’s holdings in ANSYS were worth $1,054,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ANSS. Bangor Savings Bank grew its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in ANSYS during the 3rd quarter valued at $70,000. Brooklyn Investment Group purchased a new stake in ANSYS during the 3rd quarter worth $119,000. Finally, Asset Dedication LLC lifted its holdings in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 3.5 %

NASDAQ ANSS opened at $344.89 on Tuesday. The firm has a market capitalization of $30.16 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 3.72 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a 50-day simple moving average of $344.03 and a 200-day simple moving average of $329.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $346.67.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.