Brokerages Set ANSYS, Inc. (NASDAQ:ANSS) Target Price at $342.50

ANSYS, Inc. (NASDAQ:ANSS) has received an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $342.50.

Several research firms have weighed in on ANSS. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities lowered their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in shares of ANSYS by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the software maker’s stock worth $3,454,000 after buying an additional 520 shares during the last quarter. Destination Wealth Management boosted its stake in ANSYS by 1.7% in the third quarter. Destination Wealth Management now owns 69,296 shares of the software maker’s stock valued at $22,080,000 after acquiring an additional 1,147 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of ANSYS during the 3rd quarter valued at approximately $174,000. M&T Bank Corp increased its stake in shares of ANSYS by 1.0% during the 3rd quarter. M&T Bank Corp now owns 30,118 shares of the software maker’s stock worth $9,597,000 after purchasing an additional 312 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in shares of ANSYS by 11.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,038 shares of the software maker’s stock worth $332,000 after purchasing an additional 109 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $349.85 on Wednesday. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31. The stock’s 50 day moving average is $329.17 and its 200-day moving average is $323.46. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $30.59 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 3.96 and a beta of 1.11.

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.