ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,410,000 shares, a growth of 5.2% from the October 15th total of 1,340,000 shares. Based on an average daily volume of 389,600 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.6% of the company’s stock are short sold.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on 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. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. DT Investment Partners LLC increased its stake in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS in the second quarter worth about $32,000. Rothschild Investment LLC purchased a new stake in ANSYS in the second quarter worth about $38,000. Bangor Savings Bank raised its stake in shares of ANSYS by 32.7% in the third 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 period. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $336.40 on Tuesday. The firm’s 50 day moving average price is $325.48 and its 200-day moving average price is $322.51. 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 capitalization of $29.42 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31.

Wall Street Analyst Weigh In

ANSS has been the topic of several research analyst reports. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. One research 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. According to MarketBeat, ANSYS has a consensus rating of “Hold” and an average price target of $342.50.

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.