ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Rating of "Hold" from Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) have earned a consensus recommendation of "Hold" from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $342.50.

A number of equities analysts have weighed in on ANSS shares. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday.

Institutional Trading of ANSYS

Hedge funds have recently made changes to their positions in the business. Bangor Savings Bank lifted its holdings in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after buying an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after acquiring an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P boosted its holdings in ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock valued at $699,000 after purchasing an additional 40 shares during the period. Eads & Heald Wealth Management boosted its holdings in ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after purchasing an additional 40 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock worth $509,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Price Performance

ANSS stock traded up $7.61 during midday trading on Thursday, reaching $343.47. The stock had a trading volume of 964,618 shares, compared to its average volume of 513,142. ANSYS has a 52-week low of $289.82 and a 52-week high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $341.69 and its 200 day simple moving average is $327.28. The company has a market cap of $30.04 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11.

About ANSYS

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.