StockNews.com Downgrades ANSYS (NASDAQ:ANSS) to Hold

StockNews.com lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a report released on Wednesday.

Separately, Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $325.00.

ANSYS Trading Up 2.8 %

ANSYS stock opened at $333.62 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $320.75 and a two-hundred day moving average price of $321.58. The firm has a market capitalization of $29.15 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 6.94 and a beta of 1.11. ANSYS has a 52-week low of $275.81 and a 52-week high of $364.31.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of the business’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 value of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Hedge funds and other institutional investors have recently modified their holdings of the business. DT Investment Partners LLC boosted its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS during the second quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS during the second quarter worth approximately $38,000. Bangor Savings Bank grew its position in ANSYS by 32.7% during 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. Finally, DiNuzzo Private Wealth Inc. increased its stake in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds 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.