ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,620,000 shares, a growth of 15.7% from the May 31st total of 1,400,000 shares. Based on an average daily volume of 444,800 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.9% of the company’s stock are short sold.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several hedge funds and other institutional investors have recently bought and sold shares of ANSS. Cypress Asset Management Inc. TX acquired a new position in ANSYS in the first quarter valued at $778,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of ANSYS by 20.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock valued at $173,079,000 after purchasing an additional 84,353 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of ANSYS by 59.2% in the 1st quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after purchasing an additional 597 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of ANSYS by 392.9% in the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after purchasing an additional 10,164 shares during the period. Finally, Swedbank AB purchased a new position in ANSYS during the 1st quarter worth approximately $128,089,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. KeyCorp began coverage on ANSYS in a research report on Thursday. They set a “sector weight” rating on the stock. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Finally, StockNews.com initiated coverage on ANSYS in a research note on Wednesday, June 26th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average target price of $320.00.

ANSYS Trading Down 0.1 %

NASDAQ:ANSS opened at $321.50 on Monday. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The stock has a market cap of $28.07 billion, a P/E ratio of 64.56, a P/E/G ratio of 7.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a 50-day simple moving average of $324.93 and a 200-day simple moving average of $332.96.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts anticipate that ANSYS will post 7.05 earnings per share for the current fiscal year.

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.