Boston Family Office LLC Sells 531 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Boston Family Office LLC lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,182 shares of the software maker’s stock after selling 531 shares during the quarter. ANSYS accounts for about 2.7% of Boston Family Office LLC’s investment portfolio, making the stock its 5th largest holding. Boston Family Office LLC owned approximately 0.11% of ANSYS worth $35,265,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legacy Advisors LLC lifted its position in shares of ANSYS by 1.9% during the fourth quarter. Legacy Advisors LLC now owns 3,189 shares of the software maker’s stock worth $1,157,000 after purchasing an additional 58 shares in the last quarter. TD Asset Management Inc grew its stake in shares of ANSYS by 8.5% during the fourth quarter. TD Asset Management Inc now owns 39,714 shares of the software maker’s stock valued at $14,411,000 after acquiring an additional 3,100 shares in the last quarter. 1492 Capital Management LLC purchased a new stake in shares of ANSYS during the fourth quarter worth about $218,000. DSM Capital Partners LLC acquired a new position in shares of ANSYS in the fourth quarter worth about $34,000. Finally, Intech Investment Management LLC acquired a new position in shares of ANSYS in the fourth quarter worth about $894,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. assumed coverage on shares of ANSYS in a research report on Saturday, May 25th. They issued a “hold” rating for the company. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $320.00.

Check Out Our Latest Stock Report on ANSS

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

Shares of ANSYS stock traded down $2.06 during trading on Thursday, hitting $320.38. 112,096 shares of the stock were exchanged, compared to its average volume of 623,742. The stock has a market cap of $27.97 billion, a PE ratio of 64.75, a P/E/G ratio of 7.19 and a beta of 1.16. The stock’s fifty day moving average is $332.62 and its 200 day moving average is $328.29. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80.

ANSYS (NASDAQ:ANSSGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 7.16 EPS for the current year.

ANSYS Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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