ANSYS (NASDAQ:ANSS) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report sent to investors on Thursday.

ANSS has been the topic of several other research reports. Robert W. Baird lifted their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Down 2.2 %

Shares of NASDAQ:ANSS traded down $7.59 during midday trading on Thursday, hitting $332.69. 121,901 shares of the company’s stock were exchanged, compared to its average volume of 525,212. The stock has a 50 day moving average price of $324.40 and a 200-day moving average price of $322.35. The company has a market cap of $29.09 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 3.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS has a 12 month low of $275.81 and a 12 month high of $364.31.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on 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 transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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. Cetera Investment Advisers lifted its holdings in shares of ANSYS by 392.9% in the first quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock worth $4,427,000 after buying an additional 10,164 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of ANSYS by 3.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker’s stock worth $38,499,000 after purchasing an additional 3,413 shares during the period. Montanaro Asset Management Ltd raised its position in shares of ANSYS by 4.9% in the third quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker’s stock worth $20,488,000 after buying an additional 3,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in ANSYS by 3.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after buying an additional 16,462 shares during the period. Finally, Impax Asset Management Group plc increased its stake in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after acquiring an additional 44,605 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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.