Wealth Enhancement Advisory Services LLC Purchases 717 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Wealth Enhancement Advisory Services LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,147 shares of the software maker’s stock after acquiring an additional 717 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ANSYS were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its stake in shares of ANSYS by 30.5% during the third quarter. Arkadios Wealth Advisors now owns 4,800 shares of the software maker’s stock valued at $1,529,000 after buying an additional 1,122 shares during the last quarter. Forsta AP Fonden grew its stake in shares of ANSYS by 17.5% during the third quarter. Forsta AP Fonden now owns 20,100 shares of the software maker’s stock valued at $6,404,000 after buying an additional 3,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ANSYS by 58.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,589 shares of the software maker’s stock valued at $8,645,000 after buying an additional 9,817 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of ANSYS by 13.8% during the third quarter. Ballentine Partners LLC now owns 1,320 shares of the software maker’s stock valued at $421,000 after buying an additional 160 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of ANSYS by 20.4% during the third quarter. Assenagon Asset Management S.A. now owns 11,607 shares of the software maker’s stock valued at $3,698,000 after buying an additional 1,970 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $324.48 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $320.39 and a 200-day moving average of $321.49. The firm has a market cap of $28.36 billion, a P/E ratio of 57.33, a P/E/G ratio of 6.94 and a beta of 1.11. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ANSS shares. Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $325.00.

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.