Procyon Advisors LLC Has $781,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Procyon Advisors LLC boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,314 shares of the software maker’s stock after purchasing an additional 51 shares during the period. Procyon Advisors LLC’s holdings in ANSYS were worth $781,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ANSS. Bangor Savings Bank grew its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Intact Investment Management Inc. purchased a new position in ANSYS in the third quarter valued at about $70,000. Brooklyn Investment Group acquired a new position in ANSYS in the 3rd quarter worth about $119,000. Finally, Asset Dedication LLC raised its stake in shares of ANSYS by 35.1% during the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $346.67.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

ANSS opened at $349.93 on Friday. 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 $30.60 billion, a PE ratio of 54.00, a price-to-earnings-growth ratio of 3.52 and a beta of 1.11. The stock has a 50-day moving average of $342.66 and a 200-day moving average of $328.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03.

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.