ANSYS (NASDAQ:ANSS) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report report published on Friday morning.

Separately, Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS Trading Down 0.1 %

NASDAQ ANSS opened at $324.20 on Friday. The company’s 50-day moving average price is $337.11 and its 200-day moving average price is $334.01. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $28.42 billion, a PE ratio of 49.50, a PEG ratio of 3.48 and a beta of 1.11. ANSYS has a 12 month low of $289.82 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities research analysts forecast that ANSYS will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of ANSYS

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. acquired a new position in shares of ANSYS during the fourth quarter worth about $27,000. Quarry LP raised its position in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 93 shares in the last quarter. Assetmark Inc. grew its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in ANSYS in the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in ANSYS in the fourth quarter valued at $43,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.