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

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,490,000 shares, a growth of 19.2% from the March 15th total of 1,250,000 shares. Based on an average daily volume of 738,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.7% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On ANSYS

A number of institutional investors and hedge funds have recently made changes to their positions in ANSS. American Century Companies Inc. boosted its position in shares of ANSYS by 12.4% during the 1st quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock worth $716,000 after purchasing an additional 248 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of ANSYS by 59.0% during the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock worth $1,407,000 after purchasing an additional 1,643 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of ANSYS by 7.3% during the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock worth $738,000 after purchasing an additional 158 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ANSYS by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock worth $95,742,000 after purchasing an additional 10,284 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of ANSYS by 4.5% during the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock worth $22,567,000 after purchasing an additional 3,063 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Down 1.8 %

ANSYS stock traded down $6.04 during trading hours on Monday, reaching $328.16. 310,841 shares of the company’s stock were exchanged, compared to its average volume of 731,430. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $338.37 and its 200 day simple moving average is $319.73. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The firm has a market capitalization of $28.65 billion, a PE ratio of 57.27, a PEG ratio of 5.28 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $2.61 EPS. Research analysts predict that ANSYS will post 7.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ANSS shares. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com began coverage on shares of ANSYS in a report on Monday. They set a “hold” rating for the company. Barclays increased their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a report on Thursday, February 22nd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Mizuho decreased their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $322.75.

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.