StockNews.com Downgrades ANSYS (NASDAQ:ANSS) to Hold

ANSYS (NASDAQ:ANSS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other brokerages also recently weighed in on ANSS. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Stock Performance

NASDAQ:ANSS opened at $332.38 on Thursday. The firm’s fifty day simple moving average is $324.40 and its 200 day simple moving average is $322.35. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31. The firm has a market capitalization of $29.07 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 3.90 and a beta of 1.11.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On ANSYS

A number of institutional investors have recently modified their holdings of ANSS. Cetera Investment Advisers increased its holdings in ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of ANSYS by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock valued at $38,499,000 after acquiring an additional 3,413 shares during the last quarter. Montanaro Asset Management Ltd raised its position in shares of ANSYS by 4.9% during the 3rd quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock valued at $20,488,000 after acquiring an additional 3,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.