ANSYS (NASDAQ:ANSS) Cut to “Hold” at StockNews.com

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

Separately, Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st.

ANSYS Trading Down 0.2 %

Shares of ANSS stock opened at $333.78 on Wednesday. ANSYS has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The stock’s fifty day moving average price is $314.85 and its two-hundred day moving average price is $331.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $29.34 billion, a PE ratio of 50.96, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.39 earnings per share. Equities analysts predict that ANSYS will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ANSS. Wilmington Savings Fund Society FSB acquired a new stake in shares of ANSYS in the 3rd quarter valued at about $174,000. Wealth Enhancement Advisory Services LLC grew its stake in ANSYS by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker’s stock valued at $1,026,000 after acquiring an additional 72 shares during the period. Graypoint LLC bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $214,000. Czech National Bank raised its position in shares of ANSYS by 6.5% during the fourth quarter. Czech National Bank now owns 18,961 shares of the software maker’s stock worth $6,396,000 after purchasing an additional 1,160 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of ANSYS by 1.8% in the 4th quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock worth $748,000 after purchasing an additional 39 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

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.