ANSYS (NASDAQ:ANSS) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of ANSYS (NASDAQ:ANSS - Free Report) from a buy rating to a hold rating in a research note published on Wednesday morning.

Separately, Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $325.00.

ANSYS Trading Up 2.8 %

ANSYS stock traded up $9.14 during midday trading on Wednesday, hitting $333.62. 681,428 shares of the stock were exchanged, compared to its average volume of 524,046. The stock has a market capitalization of $29.16 billion, a PE ratio of 57.33, a P/E/G ratio of 6.94 and a beta of 1.11. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $320.39 and a two-hundred day simple moving average of $321.49. ANSYS has a 52 week low of $275.81 and a 52 week high of $364.31.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. 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 Trading of ANSYS

Several hedge funds have recently modified their holdings of ANSS. Cetera Investment Advisers raised its holdings in ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker's stock worth $4,427,000 after buying an additional 10,164 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of ANSYS by 33.7% in the first quarter. Russell Investments Group Ltd. now owns 135,821 shares of the software maker's stock valued at $47,157,000 after purchasing an additional 34,244 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of ANSYS by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker's stock valued at $38,499,000 after purchasing an additional 3,413 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in ANSYS by 3.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 100,816 shares of the software maker's stock worth $33,552,000 after purchasing an additional 3,611 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in ANSYS by 594.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker's stock valued at $8,627,000 after buying an additional 21,271 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

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.