ANSYS, Inc. (NASDAQ:ANSS) Sees Significant Increase in Short Interest

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,100,000 shares, a growth of 22.8% from the May 15th total of 1,710,000 shares. Currently, 2.4% of the company's stock are sold short. Based on an average trading volume of 693,100 shares, the short-interest ratio is currently 3.0 days.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were 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 owns 3,230 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On ANSYS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its stake in shares of ANSYS by 68.1% in the first quarter. Harbour Investments Inc. now owns 79 shares of the software maker's stock worth $25,000 after buying an additional 32 shares during the last quarter. NBC Securities Inc. purchased a new position in ANSYS during the first quarter valued at approximately $31,000. Quarry LP lifted its holdings in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock valued at $33,000 after acquiring an additional 93 shares during the period. Assetmark Inc. boosted its position in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $42,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st.

ANSYS Stock Performance

ANSS traded down $0.56 during trading on Wednesday, reaching $336.23. 398,991 shares of the company's stock were exchanged, compared to its average volume of 525,146. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66. ANSYS has a 1 year low of $275.06 and a 1 year high of $363.03. The company's fifty day simple moving average is $328.31 and its 200-day simple moving average is $332.29. The stock has a market capitalization of $29.56 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 3.48 and a beta of 1.19.

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 for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the company earned $1.39 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, research analysts predict that ANSYS will post 8.32 earnings per share for the current fiscal year.

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.