ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Rating of “Hold” from Analysts

ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $342.50.

Several equities analysts have commented on the stock. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, 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 research report on Tuesday, August 6th.

ANSYS Trading Up 0.9 %

ANSS opened at $339.52 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS has a one year low of $275.81 and a one year high of $364.31. The company has a market cap of $29.69 billion, a P/E ratio of 52.40, a PEG ratio of 3.76 and a beta of 1.11. The business’s 50-day simple moving average is $326.10 and its 200-day simple moving average is $322.65.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the firm’s 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 owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of hedge funds have recently added to or reduced their stakes in the stock. DT Investment Partners LLC raised its stake 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 worth $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in ANSYS in the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new position in ANSYS during the 2nd quarter worth $38,000. Bangor Savings Bank raised its position in 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 last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

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.