Short Interest in ANSYS, Inc. (NASDAQ:ANSS) Decreases By 8.0%

ANSYS, Inc. (NASDAQ:ANSS) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,500,000 shares, a drop of 8.0% from the September 15th total of 1,630,000 shares. Based on an average daily trading volume, of 385,400 shares, the short-interest ratio is presently 3.9 days. Approximately 1.7% of the company’s stock are sold short.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was 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 owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ANSYS

Institutional investors have recently made changes to their positions in the business. Wedmont Private Capital grew its position in ANSYS by 1.3% during the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of ANSYS by 3.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after purchasing an additional 32 shares in the last quarter. Bangor Savings Bank raised its stake in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. Wasatch Advisors LP lifted its position in ANSYS by 1.8% in the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares during the period. Finally, Fulton Bank N.A. boosted its stake in ANSYS by 3.8% during the first quarter. Fulton Bank N.A. now owns 1,091 shares of the software maker’s stock worth $379,000 after buying an additional 40 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

NASDAQ ANSS opened at $323.77 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The stock’s 50-day moving average is $319.34 and its two-hundred day moving average is $322.80. The firm has a market cap of $28.27 billion, a P/E ratio of 65.01, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. On average, analysts anticipate that ANSYS will post 7.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com assumed coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $318.33.

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.