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

ANSYS, Inc. (NASDAQ:ANSS) has received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $342.50.

Several analysts have commented on the company. Robert W. Baird increased 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 raised ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

ANSYS Stock Performance

ANSYS stock opened at $340.24 on Friday. The stock’s 50 day moving average is $336.35 and its 200 day moving average is $325.17. 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 company has a market capitalization of $29.75 billion, a P/E ratio of 52.51, a PEG ratio of 3.89 and a beta of 1.10. ANSYS has a twelve month low of $289.82 and a twelve month high of $364.31.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction that occurred on 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 approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of ANSYS

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after buying an additional 37,577 shares during the last quarter. Earnest Partners LLC increased its position in shares of ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after purchasing an additional 15,012 shares in the last quarter. Impax Asset Management Group plc lifted its stake 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 valued at $192,259,000 after buying an additional 44,605 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ANSYS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock worth $169,556,000 after purchasing an additional 8,706 shares during the period. 92.39% of the stock is currently 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.