ANSYS (NASDAQ:ANSS) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of ANSYS (NASDAQ:ANSS - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning.

Separately, Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

ANSYS Stock Up 2.9%

NASDAQ ANSS traded up $9.52 during trading hours on Wednesday, hitting $343.26. 125,856 shares of the company traded hands, compared to its average volume of 486,872. The business's 50-day moving average is $314.85 and its 200-day moving average is $331.79. ANSYS has a twelve month low of $275.06 and a twelve month high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock has a market capitalization of $30.18 billion, a price-to-earnings ratio of 52.22, a P/E/G ratio of 3.48 and a beta of 1.21.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the business earned $1.39 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts anticipate that ANSYS will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated 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 transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On ANSYS

Hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. increased its holdings in ANSYS by 68.1% during the 1st quarter. Harbour Investments Inc. now owns 79 shares of the software maker's stock worth $25,000 after purchasing an additional 32 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in ANSYS in the fourth quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in ANSYS during the first quarter valued at about $31,000. Quarry LP boosted its holdings in shares of 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 during the period. Finally, Assetmark Inc. increased its holdings in ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the period. 92.39% of the stock is currently owned by institutional investors.

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.