Short Interest in ANSYS, Inc. (NASDAQ:ANSS) Decreases By 17.3%

ANSYS, Inc. (NASDAQ:ANSS) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,100,000 shares, a decrease of 17.3% from the November 15th total of 1,330,000 shares. Based on an average trading volume of 438,800 shares, the short-interest ratio is presently 2.5 days. Approximately 1.3% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages have weighed in on ANSS. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average target price of $342.50.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ANSS. DT Investment Partners LLC grew its stake in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in ANSYS in the second quarter valued at $32,000. Rothschild Investment LLC bought a new position in shares of ANSYS in the 2nd quarter valued at about $38,000. Bangor Savings Bank increased its stake in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Stock Down 0.4 %

ANSS stock traded down $1.34 during midday trading on Friday, hitting $340.24. The company’s stock had a trading volume of 404,231 shares, compared to its average volume of 525,489. The company’s fifty day moving average price is $336.35 and its 200 day moving average price is $325.17. 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 twelve month low of $289.82 and a twelve month high of $364.31. The stock has a market capitalization of $29.75 billion, a P/E ratio of 52.51, a PEG ratio of 3.89 and a beta of 1.10.

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.