StockNews.com Downgrades ANSYS (NASDAQ:ANSS) to Hold

StockNews.com downgraded shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other equities research analysts have also recently issued reports on the stock. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Robert W. Baird increased their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $342.50.

ANSYS Price Performance

Shares of NASDAQ ANSS traded down $7.59 during trading hours on Thursday, reaching $332.69. 121,901 shares of the stock traded hands, compared to its average volume of 525,212. The company’s 50-day simple moving average is $324.40 and its two-hundred day simple moving average is $322.35. The company has a market capitalization of $29.09 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 3.90 and a beta of 1.11. ANSYS has a 52-week low of $275.81 and a 52-week high of $364.31. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ANSYS

A number of large investors have recently modified their holdings of the stock. Swedbank AB bought a new stake in ANSYS during the 1st quarter valued at approximately $128,089,000. M&G Plc bought a new position in ANSYS in the first quarter worth $115,922,000. D1 Capital Partners L.P. purchased a new position in ANSYS during the third quarter valued at $73,345,000. Magnetar Financial LLC bought a new stake in shares of ANSYS during the 1st quarter valued at $72,797,000. Finally, Matrix Capital Management Company LP purchased a new stake in shares of ANSYS in the 1st quarter worth about $50,338,000. 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.