ANSYS, Inc. (NASDAQ:ANSS – Get Rating) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 1,350,000 shares, a drop of 16.7% from the July 31st total of 1,620,000 shares. Based on an average trading volume of 478,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.6% of the company’s stock are short sold.
Insider Buying and Selling at ANSYS
In other ANSYS news, Director Glenda Dorchak sold 800 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $256.18, for a total transaction of $204,944.00. Following the sale, the director now owns 4,041 shares of the company’s stock, valued at approximately $1,035,223.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.
Institutional Investors Weigh In On ANSYS
Institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its holdings in ANSYS by 1.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,927 shares of the software maker’s stock worth $33,648,000 after buying an additional 1,127 shares during the last quarter. Prospera Financial Services Inc purchased a new position in ANSYS in the 1st quarter worth approximately $117,000. State of Michigan Retirement System lifted its stake in ANSYS by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 22,011 shares of the software maker’s stock worth $6,992,000 after purchasing an additional 57 shares in the last quarter. Schroder Investment Management Group raised its position in shares of ANSYS by 4.4% during the 4th quarter. Schroder Investment Management Group now owns 5,236 shares of the software maker’s stock valued at $2,100,000 after buying an additional 223 shares during the period. Finally, Advisor Partners LLC raised its position in shares of ANSYS by 32.0% during the 1st quarter. Advisor Partners LLC now owns 3,372 shares of the software maker’s stock valued at $1,071,000 after buying an additional 818 shares during the period. 89.93% of the stock is currently owned by institutional investors and hedge funds.
ANSYS Price Performance
Shares of NASDAQ:ANSS traded down $3.15 during trading on Monday, reaching $251.16. 296,920 shares of the company’s stock traded hands, compared to its average volume of 525,326. ANSYS has a fifty-two week low of $225.92 and a fifty-two week high of $413.89. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.17. The firm has a market cap of $21.87 billion, a PE ratio of 48.21, a P/E/G ratio of 5.45 and a beta of 1.29. The company has a 50-day simple moving average of $259.88 and a 200-day simple moving average of $275.65.
ANSYS (NASDAQ:ANSS – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a return on equity of 11.98% and a net margin of 22.96%. During the same period in the previous year, the business posted $1.38 EPS. As a group, analysts predict that ANSYS will post 6.08 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on ANSS shares. Barclays increased their price objective on ANSYS from $245.00 to $250.00 and gave the company an “underweight” rating in a report on Friday, August 5th. TheStreet upgraded ANSYS from a “c” rating to a “b-” rating in a report on Tuesday, August 16th. Rosenblatt Securities decreased their price objective on ANSYS from $315.00 to $285.00 and set a “neutral” rating for the company in a report on Thursday, July 21st. Citigroup raised their target price on ANSYS to $311.00 in a research note on Tuesday, August 9th. Finally, Oppenheimer restated an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $277.55.
About ANSYS
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
