ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Rating of "Hold" by Brokerages

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $342.50.

ANSS has been the topic of a number of recent analyst reports. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ANSS. DT Investment Partners LLC lifted its stake in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new position in ANSYS in the 2nd quarter valued at about $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the 2nd quarter worth $38,000. Bangor Savings Bank grew its stake in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after purchasing an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after acquiring an additional 170 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 0.8 %

ANSYS stock traded up $2.72 during mid-day trading on Wednesday, reaching $342.24. The stock had a trading volume of 460,018 shares, compared to its average volume of 525,861. ANSYS has a one year low of $275.81 and a one year high of $364.31. The company has a 50-day moving average price of $326.59 and a two-hundred day moving average price of $322.79. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of 52.81, a PEG ratio of 3.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

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.