Crestwood Advisors Group LLC Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Crestwood Advisors Group LLC grew its position in ANSYS, Inc. (NASDAQ:ANSS) by 4.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,459 shares of the software maker’s stock after buying an additional 67 shares during the period. Crestwood Advisors Group LLC’s holdings in ANSYS were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank raised its holdings 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. Gardner Lewis Asset Management L P raised its stake in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares during the last quarter. Eads & Heald Wealth Management lifted its holdings in shares of ANSYS by 1.6% during the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares in the last quarter. PFG Advisors boosted its position in shares of ANSYS by 0.4% during the second quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock valued at $3,960,000 after buying an additional 46 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in ANSYS by 0.4% in the 3rd quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock worth $3,448,000 after buying an additional 46 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $333.62 on Thursday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $29.15 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 6.94 and a beta of 1.11. The firm’s 50 day moving average price is $320.75 and its 200-day moving average price is $321.58. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month high of $364.31.

Analyst Ratings Changes

Several equities analysts have issued reports on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $325.00.

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.