ANSYS, Inc. (NASDAQ:ANSS) Receives Average Rating of "Hold" from Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $342.50.

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

ANSYS Stock Down 0.4 %

ANSS traded down $1.34 during midday trading on Friday, hitting $340.24. 404,231 shares of the company's stock traded hands, compared to its average volume of 525,489. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a market cap of $29.75 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The stock's fifty day simple moving average is $336.35 and its 200-day simple moving average is $325.19. ANSYS has a one year low of $289.82 and a one year high of $364.31.

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 value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in shares of ANSYS in the third quarter valued at $7,966,000. Tidal Investments LLC increased its holdings in ANSYS by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the software maker's stock valued at $3,454,000 after buying an additional 520 shares during the period. Destination Wealth Management raised its stake in shares of ANSYS by 1.7% in the 3rd quarter. Destination Wealth Management now owns 69,296 shares of the software maker's stock valued at $22,080,000 after buying an additional 1,147 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of ANSYS during the 3rd quarter worth about $174,000. Finally, M&T Bank Corp boosted its position in shares of ANSYS by 1.0% during the 3rd quarter. M&T Bank Corp now owns 30,118 shares of the software maker's stock valued at $9,597,000 after acquiring an additional 312 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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.