ANSYS (NASDAQ:ANSS) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Price Performance

NASDAQ:ANSS opened at $324.20 on Friday. ANSYS has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $28.42 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The stock’s 50-day moving average price is $337.11 and its 200-day moving average price is $333.66.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, equities analysts expect that ANSYS will post 8.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANSS. OneDigital Investment Advisors LLC lifted its stake in ANSYS by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after purchasing an additional 37 shares in the last quarter. Empowered Funds LLC raised its position in shares of ANSYS by 23.3% during the 3rd quarter. Empowered Funds LLC now owns 1,467 shares of the software maker’s stock valued at $467,000 after buying an additional 277 shares during the period. MAI Capital Management purchased a new stake in shares of ANSYS during the 3rd quarter valued at approximately $476,000. Pathstone Holdings LLC raised its position in shares of ANSYS by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 14,677 shares of the software maker’s stock valued at $4,677,000 after buying an additional 79 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in shares of ANSYS by 72.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,913 shares of the software maker’s stock valued at $928,000 after buying an additional 1,220 shares during the period. 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.