ANSYS (NASDAQ:ANSS) Upgraded at StockNews.com

ANSYS (NASDAQ:ANSS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Robert W. Baird upped their target price on shares of 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, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $342.50.

ANSYS Price Performance

Shares of ANSS traded down $2.79 during trading hours on Monday, hitting $342.51. The stock had a trading volume of 508,198 shares, compared to its average volume of 528,102. The company’s fifty day moving average is $334.22 and its two-hundred day moving average is $324.82. 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 52 week low of $285.48 and a 52 week high of $364.31. The stock has a market capitalization of $29.95 billion, a price-to-earnings ratio of 52.86, a P/E/G ratio of 3.91 and a beta of 1.10.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the 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 sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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 ANSS. DT Investment Partners LLC increased its holdings 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 buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the second quarter worth $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter worth $38,000. Bangor Savings Bank increased its holdings 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 last quarter. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

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.