Short Interest in ANSYS, Inc. (NASDAQ:ANSS) Declines By 10.7%

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,340,000 shares, a drop of 10.7% from the September 30th total of 1,500,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 378,800 shares, the short-interest ratio is currently 3.5 days.

ANSYS Trading Up 2.3 %

NASDAQ ANSS traded up $7.24 during trading hours on Tuesday, hitting $328.41. The company's stock had a trading volume of 314,874 shares, compared to its average volume of 524,609. The stock has a fifty day moving average of $320.27 and a 200 day moving average of $321.58. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The firm has a market capitalization of $28.67 billion, a P/E ratio of 64.49, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. Equities research analysts forecast that ANSYS will post 7.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com assumed coverage on ANSYS in a report on Sunday, September 22nd. They set a "hold" rating on the stock. Rosenblatt Securities lowered their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $318.33.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of ANSYS

A number of hedge funds have recently modified their holdings of ANSS. DT Investment Partners LLC raised its holdings in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $29,000 after purchasing an additional 80 shares during the period. Redwood Wealth Management Group LLC bought a new position in ANSYS during the second quarter worth about $32,000. Rothschild Investment LLC acquired a new position in ANSYS in the second quarter valued at about $38,000. Bangor Savings Bank increased its holdings in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its position in shares of 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 purchasing an additional 170 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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.