BidaskClub Upgrades ANSYS (NASDAQ:ANSS) to Strong-Buy
Several other equities analysts have also recently weighed in on ANSS. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating and set a $235.00 target price on the stock. in a research note on Monday, October 14th. Evercore ISI reaffirmed a “hold” rating and set a $200.00 target price on shares of ANSYS in a research note on Sunday, November 24th. ValuEngine cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut ANSYS from a “neutral” rating to an “underweight” rating and set a $228.00 target price on the stock. in a research note on Thursday, December 12th. Finally, Needham & Company LLC cut ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $228.00.
ANSYS stock traded down $1.28 during midday trading on Wednesday, hitting $276.43. The company’s stock had a trading volume of 12,260 shares, compared to its average volume of 417,926. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $259.58 and its 200-day moving average price is $228.97. ANSYS has a 12 month low of $157.01 and a 12 month high of $278.71. The company has a market capitalization of $23.13 billion, a PE ratio of 53.92 and a beta of 1.40.
In related news, VP Matthew C. Zack sold 1,427 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $230.40, for a total value of $328,780.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Maria T. Shields sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.90, for a total value of $3,808,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,764 shares of company stock valued at $6,520,813. 1.11% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ANSS. First PREMIER Bank bought a new stake in ANSYS during the fourth quarter worth approximately $26,000. Winslow Evans & Crocker Inc. boosted its position in ANSYS by 85.2% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 100 shares of the software maker’s stock worth $26,000 after purchasing an additional 46 shares during the period. Citizens Financial Group Inc RI boosted its position in ANSYS by 64.5% during the third quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 49 shares during the period. Candriam Luxembourg S.C.A. boosted its position in ANSYS by 20.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 124,468 shares of the software maker’s stock worth $32,000 after purchasing an additional 20,911 shares during the period. Finally, Parallel Advisors LLC boosted its position in ANSYS by 146.8% during the third quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock worth $34,000 after purchasing an additional 91 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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