ANSYS (NASDAQ:ANSS) Cut to Hold at StockNews.com

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

Separately, Rosenblatt Securities decreased their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $333.00.

ANSYS Stock Down 3.8 %

Shares of NASDAQ ANSS opened at $342.18 on Wednesday. The stock has a market capitalization of $29.90 billion, a P/E ratio of 60.46, a PEG ratio of 6.95 and a beta of 1.11. ANSYS has a one year low of $275.81 and a one year high of $364.31. The firm’s 50 day simple moving average is $321.88 and its two-hundred day simple moving average is $321.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of ANSYS

Several large investors have recently modified their holdings of ANSS. Swedbank AB purchased a new stake in ANSYS in the 1st quarter worth approximately $128,089,000. M&G Plc purchased a new stake in ANSYS in the first quarter worth $115,922,000. Magnetar Financial LLC bought a new stake in ANSYS in the first quarter valued at $72,797,000. Matrix Capital Management Company LP purchased a new position in ANSYS during the 1st quarter valued at $50,338,000. Finally, Canada Pension Plan Investment Board raised its holdings in ANSYS by 1,052.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 99,263 shares of the software maker’s stock worth $34,460,000 after purchasing an additional 90,653 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

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.