ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 15.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,150 shares of the software maker’s stock after purchasing an additional 550 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in ANSYS were worth $1,400,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. raised its holdings in shares of ANSYS by 2.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 2,300 shares of the software maker’s stock valued at $776,000 after acquiring an additional 48 shares during the last quarter. Trust Point Inc. acquired a new position in shares of ANSYS during the fourth quarter valued at approximately $745,000. Stock Yards Bank & Trust Co. raised its holdings in shares of ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock valued at $767,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust raised its holdings in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after acquiring an additional 32 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of ANSYS by 28.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 1,423 shares of the software maker’s stock valued at $480,000 after acquiring an additional 315 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANSS shares. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $346.67.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the company’s 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 sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.46% of the company’s stock.

ANSYS Price Performance

ANSS stock opened at $347.01 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The business has a 50 day simple moving average of $344.38 and a 200-day simple moving average of $330.28. The firm has a market capitalization of $30.35 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.65 and a beta of 1.12. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

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.