One Wealth Capital Management LLC Buys New Stake in ANSYS, Inc. (NASDAQ:ANSS)

One Wealth Capital Management LLC purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 669 shares of the software maker’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the 2nd quarter valued at about $32,000. Bangor Savings Bank boosted its holdings in ANSYS by 32.7% in the third 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. DiNuzzo Private Wealth Inc. grew its stake in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of ANSYS during the second quarter valued at about $64,000. Finally, Intact Investment Management Inc. purchased a new position in shares of ANSYS in the 3rd quarter valued at approximately $70,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Performance

NASDAQ ANSS traded down $3.04 on Tuesday, hitting $335.61. 288,621 shares of the company’s stock traded hands, compared to its average volume of 371,996. The firm has a market capitalization of $29.35 billion, a PE ratio of 51.79, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The firm’s 50-day moving average price is $340.79 and its two-hundred day moving average price is $326.98. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

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.