ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Rating of “Hold” by Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $342.50.

Several equities analysts have recently issued reports on ANSS shares. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was 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 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On ANSYS

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DT Investment Partners LLC grew 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 acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in ANSYS in the second quarter valued at $32,000. Rothschild Investment LLC acquired a new stake in ANSYS in the 2nd quarter valued at $38,000. Bangor Savings Bank increased its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in 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 buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Up 1.2 %

Shares of NASDAQ ANSS opened at $338.38 on Friday. ANSYS has a 52-week low of $289.82 and a 52-week 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 stock has a market cap of $29.59 billion, a P/E ratio of 52.22, a P/E/G ratio of 3.89 and a beta of 1.10. The firm has a 50 day moving average price of $337.81 and a 200 day moving average price of $325.88.

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.