Boston Trust Walden Corp Cuts Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Boston Trust Walden Corp reduced its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 19.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,332 shares of the software maker's stock after selling 6,550 shares during the quarter. Boston Trust Walden Corp's holdings in ANSYS were worth $8,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quarry LP raised its position in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares during the last quarter. NBC Securities Inc. purchased a new position in ANSYS during the 1st quarter worth approximately $31,000. Assetmark Inc. raised its position in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new position in ANSYS during the 4th quarter worth approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in ANSYS during the 4th quarter worth approximately $43,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

ANSS traded down $1.27 during trading on Friday, reaching $334.96. 1,129,395 shares of the company's stock were exchanged, compared to its average volume of 522,207. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $29.45 billion, a P/E ratio of 49.70, a price-to-earnings-growth ratio of 3.44 and a beta of 1.19. The company's fifty day simple moving average is $330.41 and its 200-day simple moving average is $331.90.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. ANSYS's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares of the company's stock, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

ANSYS Company 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.