ANSYS (NASDAQ:ANSS) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSSGet Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the software maker’s stock.

Other research analysts also recently issued research reports about the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective (up previously from $332.00) on shares of ANSYS in a report on Wednesday, January 17th. Oppenheimer dropped their price objective on ANSYS from $400.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Mizuho dropped their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Bank of America downgraded ANSYS from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $356.00 to $295.00 in a report on Tuesday, November 14th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $317.20.

Get Our Latest Research Report on ANSS

ANSYS Price Performance

ANSS stock opened at $337.88 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $29.35 billion, a P/E ratio of 60.99, a P/E/G ratio of 6.63 and a beta of 1.17. The business’s 50-day moving average is $330.68 and its two-hundred day moving average is $310.40. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total value of $69,136.00. Following the transaction, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in ANSYS by 10.4% during the second quarter. BlackRock Inc. now owns 10,182,022 shares of the software maker’s stock worth $3,362,816,000 after purchasing an additional 955,288 shares during the last quarter. Wellington Management Group LLP raised its holdings in ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the last quarter. Norges Bank acquired a new position in ANSYS during the fourth quarter worth $282,329,000. Select Equity Group L.P. raised its holdings in ANSYS by 63.6% during the first quarter. Select Equity Group L.P. now owns 1,265,997 shares of the software maker’s stock worth $421,324,000 after purchasing an additional 491,935 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new position in ANSYS during the fourth quarter worth $145,144,000. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

About ANSYS

(Get Free Report)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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