Harel Insurance Investments & Financial Services Ltd. Purchases 1,556 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2,593.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,616 shares of the software maker’s stock after buying an additional 1,556 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in ANSYS were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bangor Savings Bank raised its position in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after purchasing an additional 37 shares during the last quarter. Mirador Capital Partners LP boosted its position in shares of ANSYS by 1.9% in the 4th quarter. Mirador Capital Partners LP now owns 1,957 shares of the software maker’s stock worth $660,000 after purchasing an additional 37 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in ANSYS by 1.8% during the 4th quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock worth $748,000 after buying an additional 39 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.8 %

ANSYS stock opened at $357.37 on Friday. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. 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 company has a market cap of $31.25 billion, a PE ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11. The business’s 50-day simple moving average is $343.54 and its two-hundred day simple moving average is $328.86.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, 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 through this link. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ANSS. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $346.67.

ANSYS 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.