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

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $342.50.

Several research analysts have issued reports on ANSS shares. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of hedge funds have recently made changes to their positions in the company. DT Investment Partners LLC lifted its stake in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of ANSYS in the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the 2nd quarter valued at approximately $38,000. Bangor Savings Bank grew its position in shares of ANSYS by 32.7% during 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its holdings in ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 0.4 %

ANSS opened at $340.24 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS has a 12 month low of $289.82 and a 12 month high of $364.31. The stock has a market capitalization of $29.75 billion, a P/E ratio of 52.51, a P/E/G ratio of 3.89 and a beta of 1.10. The business has a 50 day simple moving average of $336.35 and a 200-day simple moving average of $325.17.

ANSYS Company Profile

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.