ANSYS (NASDAQ:ANSS) Cut to Hold at StockNews.com

StockNews.com lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a report issued on Monday.

Separately, Robert W. Baird increased their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus price target of $342.50.

ANSYS Price Performance

ANSYS stock opened at $343.47 on Monday. ANSYS has a 52-week low of $289.82 and a 52-week high of $363.03. The firm has a fifty day moving average of $341.23 and a 200-day moving average of $327.17. The firm has a market capitalization of $30.04 billion, a P/E ratio of 53.00, a PEG ratio of 3.89 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bangor Savings Bank boosted 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 valued at $44,000 after purchasing an additional 34 shares during the period. OneDigital Investment Advisors LLC boosted its stake in ANSYS by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares during the last quarter. Gardner Lewis Asset Management L P boosted its stake in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after acquiring an additional 40 shares during the last quarter. Eads & Heald Wealth Management boosted its stake in ANSYS by 1.6% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after acquiring an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after acquiring an additional 42 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.