Robert W. Baird Issues Positive Forecast for ANSYS (NASDAQ:ANSS) Stock Price

ANSYS (NASDAQ:ANSS - Free Report) had its price objective increased by Robert W. Baird from $350.00 to $365.00 in a research report sent to investors on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker's stock.

Other analysts also recently issued reports about the company. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday. Rosenblatt Securities dropped their price target 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ANSYS currently has an average rating of "Hold" and a consensus target price of $333.00.

ANSYS Trading Up 6.6 %

ANSS stock traded up $21.96 during trading on Thursday, reaching $355.58. 1,434,466 shares of the stock were exchanged, compared to its average volume of 362,986. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 62.82, a P/E/G ratio of 6.95 and a beta of 1.11. The business has a 50 day moving average price of $320.75 and a 200-day moving average price of $321.58. ANSYS has a 1 year low of $275.81 and a 1 year high of $364.31.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the company's 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On ANSYS

Several large investors have recently bought and sold shares of the stock. Norden Group LLC acquired a new stake in shares of ANSYS in the 1st quarter valued at $231,000. Texas Permanent School Fund Corp lifted its holdings in ANSYS by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 17,971 shares of the software maker's stock worth $6,239,000 after buying an additional 47 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of ANSYS by 25.5% during the 1st quarter. SG Americas Securities LLC now owns 9,968 shares of the software maker's stock worth $3,460,000 after acquiring an additional 2,026 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of ANSYS by 594.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker's stock worth $8,627,000 after acquiring an additional 21,271 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in ANSYS by 15.1% during the first quarter. Forsta AP Fonden now owns 19,100 shares of the software maker's stock worth $6,631,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other 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.