ANSYS, Inc. (NASDAQ:ANSS) Sees Significant Increase in Short Interest

ANSYS, Inc. (NASDAQ:ANSS) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,410,000 shares, an increase of 5.2% from the October 15th total of 1,340,000 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 389,600 shares, the days-to-cover ratio is currently 3.6 days.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the business’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 transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by insiders.

Institutional Trading of ANSYS

A number of hedge funds have recently modified their holdings of ANSS. DT Investment Partners LLC lifted its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank increased its position in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its position in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities decreased their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Price Performance

Shares of ANSS stock opened at $336.40 on Tuesday. The business’s fifty day moving average is $325.48 and its 200 day moving average is $322.51. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 51.91, a PEG ratio of 3.76 and a beta of 1.11. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31.

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.