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

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

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

ANSYS Stock Down 0.2 %

Shares of NASDAQ:ANSS opened at $333.78 on Wednesday. The stock has a market cap of $29.34 billion, a price-to-earnings ratio of 50.96, a PEG ratio of 3.48 and a beta of 1.21. The business’s 50 day moving average is $314.85 and its 200 day moving average is $331.65. ANSYS has a 12-month low of $275.06 and a 12-month high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. During the same quarter in the previous year, the company earned $1.39 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANSS. Harbour Investments Inc. increased its position in shares of ANSYS by 68.1% during the first quarter. Harbour Investments Inc. now owns 79 shares of the software maker’s stock valued at $25,000 after buying an additional 32 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in shares of ANSYS during the 4th quarter worth $27,000. Quarry LP grew 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. NBC Securities Inc. bought a new position in ANSYS in the first quarter valued at $31,000. Finally, Assetmark Inc. raised its position in ANSYS by 468.2% during 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 in the last quarter. Institutional investors own 92.39% of the company’s stock.

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.