ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,500,000 shares, a decrease of 8.0% from the September 15th total of 1,630,000 shares. Based on an average trading volume of 385,400 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.7% of the company’s shares are short sold.

Analyst Ratings Changes

A number of analysts recently issued reports on ANSS shares. KeyCorp started coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. StockNews.com started coverage on ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating for the company. Finally, Rosenblatt Securities lowered their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus price target of $318.33.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ANSYS

Several hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC boosted its holdings in shares of ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at approximately $32,000. Rothschild Investment LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at approximately $38,000. Bangor Savings Bank lifted its holdings in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in ANSYS by 39.1% during the 1st quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after purchasing an additional 43 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Price Performance

Shares of ANSS opened at $326.58 on Friday. The stock has a market capitalization of $28.51 billion, a P/E ratio of 65.58, a P/E/G ratio of 6.99 and a beta of 1.11. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a 50 day moving average of $319.70 and a 200-day moving average of $322.83. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. As a group, equities research analysts forecast that ANSYS will post 7.32 EPS for the current fiscal year.

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.