ANSYS (NASDAQ:ANSS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, Rosenblatt Securities dropped their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $333.00.

ANSYS Stock Performance

NASDAQ:ANSS opened at $342.18 on Wednesday. The firm has a market capitalization of $29.90 billion, a P/E ratio of 52.81, a P/E/G ratio of 7.15 and a beta of 1.11. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31. The company has a fifty day moving average of $321.88 and a 200-day moving average of $321.93. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction 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 transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in ANSYS by 117.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 42,442 shares of the software maker’s stock worth $13,523,000 after purchasing an additional 22,968 shares during the period. Alpine Associates Management Inc. boosted its holdings in shares of ANSYS by 3.4% during the third quarter. Alpine Associates Management Inc. now owns 409,983 shares of the software maker’s stock worth $130,633,000 after purchasing an additional 13,350 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of ANSYS in the third quarter worth about $3,634,000. Banque Cantonale Vaudoise increased its holdings in ANSYS by 72.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,913 shares of the software maker’s stock valued at $928,000 after purchasing an additional 1,220 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in ANSYS by 392.5% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,876 shares of the software maker’s stock valued at $1,235,000 after purchasing an additional 3,089 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.