ANSYS, Inc. (NASDAQ:ANSS) is North Point Portfolio Managers Corp OH’s 10th Largest Position

North Point Portfolio Managers Corp OH cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,015 shares of the software maker’s stock after selling 1,312 shares during the period. ANSYS accounts for 3.1% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 10th biggest position. North Point Portfolio Managers Corp OH’s holdings in ANSYS were worth $17,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ANSS. Bangor Savings Bank increased its holdings 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 period. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in 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 acquiring an additional 37 shares during the period. Mirador Capital Partners LP boosted its holdings 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 valued at $660,000 after acquiring an additional 37 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in shares of ANSYS by 1.8% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock worth $748,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 0.8 %

Shares of NASDAQ:ANSS opened at $357.37 on Monday. The business’s 50 day moving average price is $344.03 and its 200-day moving average price is $329.08. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The firm has a market capitalization of $31.25 billion, a price-to-earnings ratio of 55.15, a price-to-earnings-growth ratio of 3.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’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 transaction of $67,324.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

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.