ANSYS (NASDAQ:ANSS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report released on Monday.

Separately, Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $342.50.

ANSYS Trading Up 2.3 %

NASDAQ ANSS opened at $343.47 on Monday. The company’s fifty day moving average price is $341.23 and its two-hundred day moving average price is $327.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS has a 12 month low of $289.82 and a 12 month high of $363.03. The company has a market capitalization of $30.04 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11.

Hedge Funds Weigh In On ANSYS

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its stake in shares of ANSYS by 4.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,846 shares of the software maker’s stock worth $2,201,000 after purchasing an additional 320 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of ANSYS by 30.6% in the 2nd quarter. Van ECK Associates Corp now owns 789 shares of the software maker’s stock worth $254,000 after purchasing an additional 185 shares during the last quarter. TD Asset Management Inc grew its stake in shares of ANSYS by 3.8% in the 2nd quarter. TD Asset Management Inc now owns 41,732 shares of the software maker’s stock worth $13,417,000 after purchasing an additional 1,535 shares during the last quarter. Candriam S.C.A. grew its stake in shares of ANSYS by 6.7% in the 2nd quarter. Candriam S.C.A. now owns 5,094 shares of the software maker’s stock worth $1,638,000 after purchasing an additional 321 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of ANSYS by 7.1% in the 2nd quarter. Lake Street Advisors Group LLC now owns 849 shares of the software maker’s stock worth $273,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Company Profile

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.