ANSYS, Inc. (NASDAQ:ANSS) Short Interest Up 40.9% in December

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,550,000 shares, an increase of 40.9% from the November 30th total of 1,100,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 466,600 shares, the short-interest ratio is presently 3.3 days.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’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 transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after buying an additional 37,577 shares in the last quarter. Earnest Partners LLC increased its stake in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after buying an additional 15,012 shares during the last quarter. Impax Asset Management Group plc raised its holdings in ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after acquiring an additional 44,605 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ANSYS by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after acquiring an additional 8,706 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSS stock opened at $339.70 on Friday. The firm has a fifty day simple moving average of $339.08 and a 200-day simple moving average of $326.43. The company has a market capitalization of $29.71 billion, a PE ratio of 52.42, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. ANSYS has a twelve month low of $289.82 and a twelve month high of $364.31. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus price target of $342.50.

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.