ANSYS, Inc. (NASDAQ:ANSS) Sees Large Decrease in Short Interest

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 1,330,000 shares, a drop of 5.7% from the October 31st total of 1,410,000 shares. Currently, 1.5% of the company's stock are sold short. Based on an average trading volume of 427,300 shares, the short-interest ratio is presently 3.1 days.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction 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 represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 the stock. DT Investment Partners LLC increased its position in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $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 approximately $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS during the 2nd quarter worth approximately $38,000. Bangor Savings Bank increased its position in shares of ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock worth $56,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Stock Up 0.2 %

ANSS stock traded up $0.54 during trading hours on Tuesday, hitting $351.05. The company's stock had a trading volume of 437,543 shares, compared to its average volume of 513,691. The company has a market capitalization of $30.70 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.10. The stock has a 50 day moving average price of $332.11 and a two-hundred day moving average price of $324.23. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS has a 12 month low of $275.81 and a 12 month high of $364.31.

Analysts Set New Price Targets

A number of research firms recently commented on ANSS. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Finally, Rosenblatt Securities reduced their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $342.50.

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.