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

ANSYS, Inc. (NASDAQ:ANSS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,620,000 shares, a growth of 15.7% from the May 31st total of 1,400,000 shares. Based on an average daily volume of 444,800 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.9% of the shares of the company are sold short.

ANSYS Price Performance

ANSS traded up $5.94 on Tuesday, reaching $327.10. The company had a trading volume of 364,902 shares, compared to its average volume of 622,876. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. ANSYS has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a market cap of $28.56 billion, a price-to-earnings ratio of 65.68, a P/E/G ratio of 7.16 and a beta of 1.11. The business has a 50 day simple moving average of $324.85 and a 200 day simple moving average of $333.14.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter last year, the business posted $1.45 EPS. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that ANSYS will post 7.05 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Trading of ANSYS

A number of hedge funds have recently made changes to their positions in ANSS. CVA Family Office LLC bought a new stake in shares of ANSYS during the 4th quarter worth $28,000. Raleigh Capital Management Inc. lifted its holdings in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Quest Partners LLC bought a new stake in shares of ANSYS during the 4th quarter worth $29,000. DSM Capital Partners LLC bought a new stake in ANSYS in the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. bought a new stake in ANSYS in the fourth quarter worth $40,000. 92.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com assumed coverage on shares of ANSYS in a report on Wednesday, June 26th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

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.