ANSYS, Inc. (NASDAQ:ANSS) Short Interest Up 5.2% in October

ANSYS, Inc. (NASDAQ:ANSS) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,410,000 shares, a growth of 5.2% from the October 15th total of 1,340,000 shares. Based on an average daily trading volume, of 389,600 shares, the short-interest ratio is presently 3.6 days. Currently, 1.6% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $342.50.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s 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 transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Trading of ANSYS

Hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC increased its stake in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter valued at $32,000. Rothschild Investment LLC bought a new stake in ANSYS in the second quarter worth $38,000. Bangor Savings Bank boosted its stake in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. increased its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Trading Down 2.3 %

Shares of ANSS opened at $332.38 on Monday. ANSYS has a fifty-two week low of $275.81 and a fifty-two 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 company’s fifty day moving average is $324.95 and its 200 day moving average is $322.36. The stock has a market capitalization of $29.07 billion, a PE ratio of 51.29, a P/E/G ratio of 3.76 and a beta of 1.11.

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.