ANSYS (NASDAQ:ANSS) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a report issued on Monday.

Separately, Robert W. Baird boosted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Trading Up 0.1 %

Shares of NASDAQ:ANSS opened at $338.65 on Monday. The stock has a market cap of $29.61 billion, a PE ratio of 52.26, a P/E/G ratio of 3.89 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS has a 12-month low of $289.82 and a 12-month high of $363.03. The business has a 50 day moving average of $340.79 and a 200-day moving average of $326.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ANSS. Redwood Wealth Management Group LLC bought a new position in ANSYS in the 2nd quarter valued at about $32,000. Bangor Savings Bank increased its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in ANSYS during the second quarter worth $64,000. Finally, Intact Investment Management Inc. bought a new stake in ANSYS during the third quarter worth $70,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.