Brokerages Set ANSYS, Inc. (NASDAQ:ANSS) PT at $342.50

Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $342.50.

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Institutional Investors Weigh In On ANSYS

A number of large investors have recently bought and sold shares of the stock. Graypoint LLC bought a new position in shares of ANSYS during the 4th quarter worth about $214,000. Wealth Enhancement Advisory Services LLC raised its stake in ANSYS by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,219 shares of the software maker’s stock worth $1,026,000 after buying an additional 72 shares during the period. One Wealth Capital Management LLC bought a new position in ANSYS in the fourth quarter worth approximately $226,000. GAMMA Investing LLC grew its stake in ANSYS by 12.5% in the fourth quarter. GAMMA Investing LLC now owns 1,551 shares of the software maker’s stock valued at $523,000 after acquiring an additional 172 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Performance

NASDAQ:ANSS opened at $337.81 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a 50 day simple moving average of $341.98 and a two-hundred day simple moving average of $327.42. The company has a market capitalization of $29.54 billion, a PE ratio of 52.13, a P/E/G ratio of 3.89 and a beta of 1.11.

About ANSYS

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.