Boston Family Office LLC Has $30.52 Million Position in ANSYS, Inc. (NASDAQ:ANSS)

Boston Family Office LLC decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,772 shares of the software maker’s stock after selling 612 shares during the quarter. ANSYS makes up 2.1% of Boston Family Office LLC’s portfolio, making the stock its 9th biggest position. Boston Family Office LLC owned approximately 0.11% of ANSYS worth $30,516,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the second quarter valued at $32,000. Rothschild Investment LLC bought a new position in shares of ANSYS during the second quarter valued at $38,000. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ANSS. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Rosenblatt Securities dropped 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. Finally, Robert W. Baird raised their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $342.50.

Insider Activity

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

ANSYS Stock Up 0.3 %

ANSS stock opened at $350.00 on Monday. ANSYS, Inc. has a twelve month low of $275.81 and a twelve month 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. The business’s 50-day moving average price is $327.83 and its 200-day moving average price is $323.13.

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.