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

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $342.50.

A number of brokerages have weighed in on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird raised 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.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Caldwell Investment Management Ltd. acquired a new stake in shares of ANSYS in the third quarter valued at approximately $1,560,000. Nomura Asset Management Co. Ltd. lifted its stake in ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after buying an additional 1,914 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV grew its stake in shares of ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after acquiring an additional 1,518 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Up 0.1 %

Shares of ANSS opened at $343.07 on Friday. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 3.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS has a 1-year low of $289.82 and a 1-year high of $364.31. The company has a 50-day moving average of $337.38 and a 200 day moving average of $325.53.

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.