Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 210 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 50.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 627 shares of the software maker’s stock after purchasing an additional 210 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in ANSYS were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC lifted its position in shares of ANSYS by 3.0% during the 3rd quarter. AE Wealth Management LLC now owns 2,925 shares of the software maker’s stock worth $870,000 after purchasing an additional 85 shares during the last quarter. IFP Advisors Inc increased its holdings in ANSYS by 11.7% during the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock valued at $108,000 after purchasing an additional 38 shares in the last quarter. HB Wealth Management LLC lifted its position in ANSYS by 10.9% during the 3rd quarter. HB Wealth Management LLC now owns 1,563 shares of the software maker’s stock worth $465,000 after buying an additional 153 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of ANSYS by 5.2% during the third quarter. DAVENPORT & Co LLC now owns 1,351 shares of the software maker’s stock valued at $402,000 after purchasing an additional 67 shares during the last quarter. Finally, Howland Capital Management LLC bought a new stake in shares of ANSYS during the third quarter worth $10,269,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. StockNews.com initiated coverage on ANSYS in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $323.86.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.53% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded up $2.58 during midday trading on Tuesday, hitting $327.39. The company had a trading volume of 59,522 shares, compared to its average volume of 694,057. The company has a fifty day moving average of $336.86 and a two-hundred day moving average of $320.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 56.90, a PEG ratio of 5.14 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 EPS. On average, equities research analysts expect that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

ANSYS Profile

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.