ANSYS (NASDAQ:ANSS) Stock Rating Lowered by StockNews.com

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

Separately, Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

ANSYS Price Performance

ANSS stock traded up $1.50 during trading on Friday, hitting $325.70. The stock had a trading volume of 163,730 shares, compared to its average volume of 426,833. The stock has a market cap of $28.55 billion, a price-to-earnings ratio of 49.79, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company's 50 day moving average price is $337.11 and its two-hundred day moving average price is $334.01. ANSYS has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, sell-side analysts forecast that ANSYS will post 8.32 EPS for the current fiscal year.

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Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the fourth quarter worth about $27,000. Quarry LP increased its position in ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 93 shares in the last quarter. Assetmark Inc. raised its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock valued at $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in ANSYS during the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in ANSYS during the fourth quarter worth approximately $43,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

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.