Union Bancaire Privee UBP SA Makes New Investment in ANSYS, Inc. (NASDAQ:ANSS)

Union Bancaire Privee UBP SA purchased a new stake in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,244 shares of the software maker’s stock, valued at approximately $4,270,000.

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

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

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

ANSYS Stock Down 0.8 %

ANSYS stock opened at $357.37 on Monday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The company has a market capitalization of $31.25 billion, a PE ratio of 55.15, a PEG ratio of 3.72 and a beta of 1.11. The firm’s fifty day moving average is $344.03 and its 200 day moving average is $329.08.

About ANSYS

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.