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

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,550,000 shares, an increase of 40.9% from the November 30th total of 1,100,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 466,600 shares, the days-to-cover ratio is presently 3.3 days.

ANSYS Stock Down 0.1 %

Shares of ANSS traded down $0.46 during mid-day trading on Friday, hitting $339.70. 283,396 shares of the company’s stock were exchanged, compared to its average volume of 525,619. The company has a 50-day simple moving average of $339.08 and a 200 day simple moving average of $326.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a market cap of $29.71 billion, a PE ratio of 52.42, a P/E/G ratio of 3.89 and a beta of 1.10. ANSYS has a 52 week low of $289.82 and a 52 week high of $364.31.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price target on shares of 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, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $342.50.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 152 shares of ANSYS 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 completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. Geode Capital Management LLC boosted its position in ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares during the period. Earnest Partners LLC lifted its stake in shares of ANSYS by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock valued at $195,160,000 after buying an additional 15,012 shares in the last quarter. Impax Asset Management Group plc grew its stake in ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ANSYS by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after purchasing an additional 8,706 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

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.