ANSYS (NASDAQ:ANSS) Price Target Raised to $365.00

ANSYS (NASDAQ:ANSS) had its price objective upped by Robert W. Baird from $350.00 to $365.00 in a research report released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the software maker’s stock.

ANSS has been the subject of several other reports. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday. Rosenblatt Securities cut their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a 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 assigned a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $333.00.

ANSYS Stock Down 3.8 %

Shares of ANSS stock opened at $342.18 on Thursday. ANSYS has a twelve month low of $275.81 and a twelve month high of $364.31. The stock has a market cap of $29.90 billion, a P/E ratio of 52.81, a P/E/G ratio of 7.15 and a beta of 1.11. The stock has a 50 day moving average of $321.88 and a 200 day moving average of $321.93. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the company’s 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 transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ANSYS

Several large investors have recently bought and sold shares of the company. Norden Group LLC acquired a new position in ANSYS during the first quarter worth $231,000. Texas Permanent School Fund Corp raised its stake in ANSYS by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 17,971 shares of the software maker’s stock worth $6,239,000 after purchasing an additional 47 shares during the period. SG Americas Securities LLC boosted its holdings in ANSYS by 25.5% in the 1st quarter. SG Americas Securities LLC now owns 9,968 shares of the software maker’s stock valued at $3,460,000 after purchasing an additional 2,026 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of ANSYS by 594.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 24,850 shares of the software maker’s stock valued at $8,627,000 after buying an additional 21,271 shares during the period. Finally, Forsta AP Fonden increased its holdings in shares of ANSYS by 15.1% during the 1st quarter. Forsta AP Fonden now owns 19,100 shares of the software maker’s stock worth $6,631,000 after buying an additional 2,500 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other 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.