Westwind Capital Lowers Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Westwind Capital lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 398 shares of the software maker’s stock after selling 45 shares during the period. Westwind Capital’s holdings in ANSYS were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS in the second quarter worth $32,000. Bangor Savings Bank increased its stake in 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 purchasing an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its holdings in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of ANSYS in the second quarter worth approximately $64,000. Finally, Intact Investment Management Inc. bought a new stake in shares of ANSYS during the third quarter valued at approximately $70,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Trading Down 0.9 %

ANSS stock traded down $3.04 during midday trading on Tuesday, reaching $335.61. 288,621 shares of the company traded hands, compared to its average volume of 371,996. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The business has a 50 day moving average of $340.79 and a 200-day moving average of $326.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

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.