ANSYS, Inc. (NASDAQ:ANSS) Receives $342.50 Consensus PT from Analysts

ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $342.50.

Several analysts have recently commented on the company. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in ANSYS by 4.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,846 shares of the software maker’s stock valued at $2,201,000 after acquiring an additional 320 shares in the last quarter. Candriam S.C.A. lifted its position in shares of ANSYS by 6.7% during the second quarter. Candriam S.C.A. now owns 5,094 shares of the software maker’s stock valued at $1,638,000 after purchasing an additional 321 shares in the last quarter. Acadian Asset Management LLC purchased a new position in ANSYS during the second quarter worth about $594,000. Caprock Group LLC grew its position in ANSYS by 28.1% in the 2nd quarter. Caprock Group LLC now owns 954 shares of the software maker’s stock worth $307,000 after purchasing an additional 209 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of ANSYS by 7.6% during the 2nd quarter. Ballentine Partners LLC now owns 1,160 shares of the software maker’s stock worth $373,000 after buying an additional 82 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Up 1.0 %

ANSS opened at $343.07 on Thursday. The company has a fifty day moving average price of $342.54 and a two-hundred day moving average price of $327.69. ANSYS has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a market cap of $30.00 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

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.