Boston Financial Mangement LLC Has $273,000 Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Boston Financial Mangement LLC lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 856 shares of the software maker’s stock after selling 95 shares during the quarter. Boston Financial Mangement LLC’s holdings in ANSYS were worth $273,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted 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 worth $44,000 after buying an additional 34 shares during the period. Wasatch Advisors LP boosted its holdings in ANSYS by 1.8% in the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock valued at $723,000 after purchasing an additional 36 shares during the period. Gardner Lewis Asset Management L P boosted its holdings in ANSYS by 1.9% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after purchasing an additional 40 shares during the period. Mission Wealth Management LP boosted its holdings in ANSYS by 5.7% in the 1st quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock valued at $263,000 after purchasing an additional 41 shares during the period. Finally, PFG Advisors boosted its holdings in ANSYS by 0.4% in the 2nd quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock valued at $3,960,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

ANSS has been the subject of a number of research reports. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Tuesday. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $318.33.

ANSYS Trading Up 2.3 %

Shares of ANSS stock opened at $328.41 on Wednesday. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The stock has a market cap of $28.70 billion, a price-to-earnings ratio of 58.02, a P/E/G ratio of 6.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a fifty day moving average of $320.32 and a 200-day moving average of $321.53.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter in the prior year, the company posted $1.06 EPS. The business’s revenue was up 19.6% on a year-over-year basis. On average, equities research analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.