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

ANSYS, Inc. (NASDAQ:ANSS) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,330,000 shares, a decrease of 5.7% from the October 31st total of 1,410,000 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 427,300 shares, the short-interest ratio is currently 3.1 days.

ANSYS Stock Up 0.2 %

ANSS stock opened at $351.05 on Wednesday. ANSYS has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The company has a fifty day moving average of $332.11 and a 200-day moving average of $324.23. The stock has a market capitalization of $30.70 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Rosenblatt Securities lowered their price objective 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. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird boosted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $342.50.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred 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 directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

A number of hedge funds have recently added to or reduced their stakes in ANSS. DT Investment Partners LLC raised its stake in shares of 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 buying an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the second quarter worth $32,000. Rothschild Investment LLC purchased a new position in ANSYS in the second quarter worth $38,000. Bangor Savings Bank lifted its holdings in 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 acquiring an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds 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.