ANSYS (NASDAQ:ANSS) Lowered to “Hold” Rating by StockNews.com

ANSYS (NASDAQ:ANSS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

ANSYS Stock Down 0.1 %

Shares of NASDAQ:ANSS traded down $0.43 during midday trading on Friday, hitting $324.20. 552,562 shares of the stock were exchanged, compared to its average volume of 428,439. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS has a 52-week low of $289.82 and a 52-week high of $363.03. The business’s fifty day simple moving average is $337.11 and its two-hundred day simple moving average is $333.66. The company has a market capitalization of $28.42 billion, a PE ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. As a group, research analysts predict that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $27,000. Quarry LP grew its position in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after buying an additional 93 shares in the last quarter. Assetmark Inc. grew its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS during the fourth quarter worth about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS during the fourth quarter worth about $43,000. 92.39% of the stock is owned by institutional investors and hedge funds.

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.