ANSYS (NASDAQ:ANSS) Trading Down 4.3% – What’s Next?

ANSYS, Inc. (NASDAQ:ANSS) traded down 4.3% on Thursday . The stock traded as low as $345.94 and last traded at $346.02. 78,824 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 523,427 shares. The stock had previously closed at $361.45.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research analyst reports. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. 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 report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Trading Down 4.8 %

The firm has a market capitalization of $30.10 billion, a price-to-earnings ratio of 55.78, a P/E/G ratio of 3.97 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. The firm’s 50-day simple moving average is $332.95 and its 200 day simple moving average is $324.49.

Insider Buying and Selling at ANSYS

In other ANSYS 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 sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of hedge funds and other institutional investors have recently modified their holdings of ANSS. Cetera Investment Advisers grew its stake in shares of ANSYS by 392.9% during the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after buying an additional 10,164 shares during the last quarter. Cetera Advisors LLC boosted its position in ANSYS by 59.2% during the first quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after acquiring an additional 597 shares during the last quarter. CWM LLC boosted its position in ANSYS by 57.0% during the second quarter. CWM LLC now owns 5,886 shares of the software maker’s stock valued at $1,892,000 after acquiring an additional 2,136 shares during the last quarter. SG Americas Securities LLC boosted its position in ANSYS by 193.3% during the second quarter. SG Americas Securities LLC now owns 29,232 shares of the software maker’s stock valued at $9,398,000 after acquiring an additional 19,264 shares during the last quarter. Finally, Mirador Capital Partners LP bought a new stake in ANSYS during the second quarter valued at $582,000. 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.