Analysts Set ANSYS, Inc. (NASDAQ:ANSS) PT at $342.50

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $342.50.

A number of brokerages recently commented on ANSS. Rosenblatt Securities dropped their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in ANSYS by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the software maker’s stock worth $3,454,000 after buying an additional 520 shares in the last quarter. Destination Wealth Management grew its position in ANSYS by 1.7% in the third quarter. Destination Wealth Management now owns 69,296 shares of the software maker’s stock worth $22,080,000 after acquiring an additional 1,147 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in ANSYS in the third quarter worth $174,000. M&T Bank Corp increased its stake in ANSYS by 1.0% in the third quarter. M&T Bank Corp now owns 30,118 shares of the software maker’s stock valued at $9,597,000 after acquiring an additional 312 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its position in ANSYS by 11.7% during the third quarter. Rehmann Capital Advisory Group now owns 1,038 shares of the software maker’s stock valued at $332,000 after purchasing an additional 109 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $349.85 on Wednesday. The firm has a market capitalization of $30.59 billion, a PE ratio of 53.99, a P/E/G ratio of 3.96 and a beta of 1.11. 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 has a 50-day moving average price of $329.17 and a two-hundred day moving average price of $323.46. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31.

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.