Boston Family Office LLC Decreases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Boston Family Office LLC lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,772 shares of the software maker’s stock after selling 612 shares during the quarter. ANSYS comprises 2.1% of Boston Family Office LLC’s portfolio, making the stock its 9th biggest holding. Boston Family Office LLC’s holdings in ANSYS were worth $30,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. DT Investment Partners LLC increased its stake in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC bought a new stake in ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank increased its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ANSS shares. Rosenblatt Securities cut their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Price Performance

ANSS opened at $350.00 on Monday. The business has a fifty day moving average of $327.83 and a 200 day moving average of $323.13. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $30.61 billion, a P/E ratio of 54.01, a PEG ratio of 3.96 and a beta of 1.11.

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.