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

ANSYS, Inc. (NASDAQ:ANSS) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $342.50.

A number of brokerages have weighed in on ANSS. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Stock Up 0.2 %

Shares of ANSS stock opened at $334.48 on Friday. ANSYS has a 12 month low of $289.82 and a 12 month high of $364.31. 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 firm has a market cap of $29.25 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The stock has a 50 day moving average of $337.64 and a 200-day moving average of $325.65.

Insider Activity at ANSYS

In other ANSYS 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 sale, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ANSYS

Several hedge funds and other institutional investors have recently modified their holdings of ANSS. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ANSYS by 16.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,430 shares of the software maker’s stock valued at $781,000 after acquiring an additional 348 shares during the period. Assenagon Asset Management S.A. boosted its position in ANSYS by 2.1% in the second quarter. Assenagon Asset Management S.A. now owns 9,637 shares of the software maker’s stock valued at $3,098,000 after buying an additional 201 shares in the last quarter. BTC Capital Management Inc. increased its holdings in shares of ANSYS by 24.4% during the second quarter. BTC Capital Management Inc. now owns 1,540 shares of the software maker’s stock worth $495,000 after buying an additional 302 shares in the last quarter. Ninety One North America Inc. raised its stake in shares of ANSYS by 93.4% in the second quarter. Ninety One North America Inc. now owns 59,801 shares of the software maker’s stock valued at $19,226,000 after acquiring an additional 28,886 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its holdings in shares of ANSYS by 21.6% in the 2nd quarter. Carnegie Investment Counsel now owns 86,743 shares of the software maker’s stock worth $27,888,000 after acquiring an additional 15,384 shares in the last quarter. 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.