Brokerages Set ANSYS, Inc. (NASDAQ:ANSS) PT at $342.50

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

A number of research firms have recently weighed in on ANSS. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its position in shares of ANSYS by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 6,846 shares of the software maker’s stock valued at $2,201,000 after buying an additional 320 shares during the period. Candriam S.C.A. boosted its position in shares of ANSYS by 6.7% in the second quarter. Candriam S.C.A. now owns 5,094 shares of the software maker’s stock valued at $1,638,000 after acquiring an additional 321 shares during the period. Acadian Asset Management LLC purchased a new position in ANSYS during the second quarter valued at approximately $594,000. Caprock Group LLC increased its holdings in ANSYS by 28.1% during the 2nd quarter. Caprock Group LLC now owns 954 shares of the software maker’s stock worth $307,000 after acquiring an additional 209 shares during the period. Finally, Ballentine Partners LLC increased its holdings in 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 acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $343.07 on Thursday. The company has a market capitalization 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’s 50-day moving average is $342.54 and its 200 day moving average is $327.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

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.