ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $285.93 and last traded at $286.85, with a volume of 1315228 shares changing hands. The stock had previously closed at $310.45.
Analyst Ratings Changes
Several equities analysts recently issued reports on ANSS shares. StockNews.com downgraded shares of ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.
Get Our Latest Stock Report on ANSS
ANSYS Price Performance
The stock has a fifty day moving average of $325.30 and a 200-day moving average of $333.14. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $26.00 billion, a P/E ratio of 45.37, a PEG ratio of 3.48 and a beta of 1.20.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results 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). The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
Insider Activity at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.
Institutional Trading of ANSYS
A number of institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP increased its position in shares of ANSYS by 29.7% in the third quarter. Quantinno Capital Management LP now owns 3,129 shares of the software maker's stock valued at $997,000 after acquiring an additional 716 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of ANSYS by 10.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,918 shares of the software maker's stock worth $930,000 after purchasing an additional 269 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of ANSYS by 9.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 770 shares of the software maker's stock valued at $245,000 after buying an additional 65 shares during the last quarter. XTX Topco Ltd bought a new position in shares of ANSYS in the third quarter valued at $518,000. Finally, MML Investors Services LLC increased its holdings in ANSYS by 5.7% during the third quarter. MML Investors Services LLC now owns 11,950 shares of the software maker's stock worth $3,808,000 after buying an additional 648 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.
ANSYS Company Profile
(
Get Free Report)
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.
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