ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,550,000 shares, an increase of 40.9% from the November 30th total of 1,100,000 shares. Based on an average daily volume of 466,600 shares, the short-interest ratio is presently 3.3 days. Currently, 1.8% of the company's shares are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ANSS shares. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Monday, December 9th. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $342.50.

ANSYS Stock Down 0.1 %

NASDAQ ANSS traded down $0.46 during trading on Friday, reaching $339.70. 283,396 shares of the company's stock traded hands, compared to its average volume of 525,619. The company's 50 day simple moving average is $339.08 and its two-hundred day simple moving average is $326.45. ANSYS has a 12-month low of $289.82 and a 12-month high of $364.31. The firm has a market cap of $29.71 billion, a price-to-earnings ratio of 52.42, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction 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 directly owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On ANSYS

A number of large investors have recently bought and sold shares of ANSS. Crossmark Global Holdings Inc. raised its holdings in ANSYS by 5.7% in the second quarter. Crossmark Global Holdings Inc. now owns 6,111 shares of the software maker's stock worth $1,964,000 after purchasing an additional 327 shares in the last quarter. iA Global Asset Management Inc. lifted its position in ANSYS by 4.9% during the second quarter. iA Global Asset Management Inc. now owns 8,576 shares of the software maker's stock valued at $2,757,000 after acquiring an additional 400 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in ANSYS in the second quarter valued at approximately $860,000. Rothschild Investment LLC purchased a new position in ANSYS in the second quarter worth $38,000. Finally, Commonwealth Equity Services LLC increased its position in shares of ANSYS by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 6,846 shares of the software maker's stock worth $2,201,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

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.