Blue Trust Inc. Has $927,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Blue Trust Inc. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,909 shares of the software maker’s stock after purchasing an additional 324 shares during the quarter. Blue Trust Inc.’s holdings in ANSYS were worth $927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ANSS. Bangor Savings Bank grew its position in shares of 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 purchasing an additional 34 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its position in shares of ANSYS by 2,833.3% in the third 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 during the last quarter. Intact Investment Management Inc. acquired a new stake in shares of ANSYS in the third quarter valued at about $70,000. Brooklyn Investment Group acquired a new stake in shares of ANSYS in the third quarter valued at about $119,000. Finally, Asset Dedication LLC grew its position in shares of ANSYS by 35.1% in the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock valued at $123,000 after purchasing an additional 100 shares during the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANSS. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $346.67.

ANSYS Stock Up 1.5 %

NASDAQ ANSS opened at $350.23 on Wednesday. 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 firm has a 50-day simple moving average of $344.20 and a 200 day simple moving average of $329.19. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a market cap of $30.63 billion, a PE ratio of 54.05, a PEG ratio of 3.72 and a beta of 1.11.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company 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.