ANSYS (NASDAQ:ANSS) Stock Rating Lowered by StockNews.com

ANSYS (NASDAQ:ANSS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Stock Down 0.1 %

Shares of ANSYS stock opened at $324.20 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a 50-day moving average of $337.11 and a 200 day moving average of $333.83. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 3.48 and a beta of 1.11. ANSYS has a 1 year low of $289.82 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, sell-side analysts anticipate that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ANSYS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock worth $3,590,462,000 after acquiring an additional 78,730 shares during the period. State Street Corp raised its position in shares of ANSYS by 3.0% during 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 buying an additional 106,187 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ANSYS by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock valued at $796,033,000 after buying an additional 58,190 shares during the last quarter. FIL Ltd raised its position in shares of ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock valued at $703,730,000 after buying an additional 511,557 shares during the last quarter. Finally, Capital Research Global Investors bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $695,129,000. Institutional investors 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.