ANSYS, Inc. (NASDAQ:ANSS) Sees Large Increase in Short Interest

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,410,000 shares, a growth of 5.2% from the October 15th total of 1,340,000 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 389,600 shares, the short-interest ratio is presently 3.6 days.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. DT Investment Partners LLC lifted its stake in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC bought a new position in shares of ANSYS during the 2nd quarter worth approximately $38,000. Bangor Savings Bank raised 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 acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its position in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ANSYS Stock Performance

Shares of ANSS stock opened at $332.38 on Monday. The firm has a market cap of $29.07 billion, a price-to-earnings ratio of 51.29, a PEG ratio of 3.76 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. The company’s 50 day moving average is $324.95 and its 200 day moving average is $322.36.

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.