ANSYS (NASDAQ:ANSS) Stock Rating Lowered by StockNews.com

ANSYS (NASDAQ:ANSS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Robert W. Baird lifted 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, ANSYS currently has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Trading Down 0.8 %

Shares of ANSYS stock opened at $335.86 on Monday. The firm has a market cap of $29.37 billion, a PE ratio of 51.83, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a fifty day moving average price of $340.94 and a 200-day moving average price of $327.05.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently added to or reduced their stakes in the business. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS in the second quarter valued at approximately $32,000. Bangor Savings Bank raised its holdings in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares during the period. DiNuzzo Private Wealth Inc. lifted its position in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of ANSYS in the second quarter worth $64,000. Finally, Intact Investment Management Inc. bought a new position in shares of ANSYS in the third quarter worth $70,000. 92.39% of the stock is 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.