ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of ANSYS (NASDAQ:ANSSGet Free Report) in a note issued to investors on Sunday. The firm set a “hold” rating on the software maker’s stock.

ANSS has been the subject of several other research reports. Bank of America lowered ANSYS from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $356.00 to $295.00 in a research report on Tuesday, November 14th. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Oppenheimer lowered their price target on ANSYS from $400.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. William Blair reaffirmed a “market perform” rating on shares of ANSYS in a research report on Thursday, November 2nd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price (up previously from $332.00) on shares of ANSYS in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $317.20.

Get Our Latest Research Report on ANSYS

ANSYS Stock Performance

Shares of ANSS stock opened at $337.88 on Friday. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a market cap of $29.35 billion, a PE ratio of 60.99, a price-to-earnings-growth ratio of 6.63 and a beta of 1.17. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $330.68 and its 200-day moving average price is $310.40.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now directly owns 3,199 shares of the company’s stock, valued at approximately $1,105,830.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Trading of ANSYS

Several hedge funds have recently modified their holdings of the company. Alberta Investment Management Corp raised its holdings in shares of ANSYS by 15.8% during the 4th quarter. Alberta Investment Management Corp now owns 2,200 shares of the software maker’s stock worth $798,000 after acquiring an additional 300 shares in the last quarter. Partners Capital Investment Group LLP raised its holdings in shares of ANSYS by 30.4% during the 4th quarter. Partners Capital Investment Group LLP now owns 995 shares of the software maker’s stock worth $361,000 after acquiring an additional 232 shares in the last quarter. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $1,089,000. Global Endowment Management LP purchased a new stake in shares of ANSYS during the 4th quarter worth approximately $548,000. Finally, BOCHK Asset Management Ltd purchased a new stake in ANSYS during the 4th quarter valued at $2,631,000. 90.21% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

(Get Free Report)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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