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

Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $342.50.

ANSS has been the topic of several research reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Price Performance

ANSS opened at $343.47 on Thursday. 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 1-year low of $289.82 and a 1-year high of $363.03. The company has a 50-day moving average of $341.23 and a 200-day moving average of $327.17. The company 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.

Hedge Funds Weigh In On ANSYS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Redwood Wealth Management Group LLC bought a new position in ANSYS in the 2nd quarter worth approximately $32,000. Bangor Savings Bank grew 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 purchasing an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings 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 valued at $56,000 after purchasing an additional 170 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of ANSYS during the second quarter valued at about $64,000. Finally, Intact Investment Management Inc. acquired a new stake in ANSYS in the third quarter worth about $70,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.