ANSYS (NASDAQ:ANSS) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ANSYS (NASDAQ:ANSSFree Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the software maker’s stock.

Several other analysts have also recently issued reports on the stock. Rosenblatt Securities reaffirmed a neutral rating and set a $345.00 price objective (up previously from $332.00) on shares of ANSYS in a research note on Wednesday, January 17th. Bank of America cut shares of ANSYS from a buy rating to an underperform rating and dropped their price objective for the company from $356.00 to $295.00 in a research note on Tuesday, November 14th. Oppenheimer dropped their price objective on shares of ANSYS from $400.00 to $320.00 and set an outperform rating for the company in a research note on Friday, November 3rd. Wolfe Research reaffirmed a peer perform rating on shares of ANSYS in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada dropped their price objective on shares of ANSYS from $310.00 to $290.00 and set a sector perform rating for the company in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $317.20.

View Our Latest Stock Analysis on ANSYS

ANSYS Stock Down 0.9 %

ANSS stock opened at $342.28 on Friday. The stock has a market capitalization of $29.73 billion, a P/E ratio of 61.78, a P/E/G ratio of 6.63 and a beta of 1.17. The firm has a 50-day simple moving average of $329.67 and a 200-day simple moving average of $310.37. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.15. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the sale, the director now directly owns 3,199 shares in the company, valued at approximately $1,105,830.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other ANSYS news, CEO Ajei Gopal sold 9,566 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at approximately $63,827,199.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $345.68, for a total transaction of $69,136.00. Following the completion of the sale, the director now directly owns 3,199 shares in the company, valued at $1,105,830.32. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CVA Family Office LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $28,000. Quest Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $29,000. West Tower Group LLC purchased a new position in shares of ANSYS in the 2nd quarter valued at $31,000. Raleigh Capital Management Inc. grew its position in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Finally, KB Financial Partners LLC grew its position in shares of ANSYS by 854.5% in the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after buying an additional 94 shares during the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

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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 and the cloud; 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.

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