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

ANSYS, Inc. (NASDAQ:ANSS) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $342.50.

A number of research analysts recently weighed in on the company. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird lifted their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On ANSYS

A number of large investors have recently modified their holdings of the stock. Bangor Savings Bank increased its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the period. OneDigital Investment Advisors LLC increased its position in shares of ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after acquiring an additional 37 shares during the last quarter. Gardner Lewis Asset Management L P lifted its stake in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after acquiring an additional 40 shares in the last quarter. Eads & Heald Wealth Management boosted its holdings in ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock valued at $509,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ:ANSS opened at $343.47 on Thursday. ANSYS has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The firm’s 50 day moving average is $341.23 and its two-hundred day moving average is $327.17. The company has a market cap of $30.04 billion, a P/E ratio of 53.00, 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 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.