Research analysts at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS – Get 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.
ANSYS Price Performance
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.
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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