ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 1,620,000 shares, a growth of 15.7% from the May 31st total of 1,400,000 shares. Based on an average daily trading volume, of 444,800 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.9% of the company’s shares are sold short.

ANSYS Price Performance

ANSS traded up $5.94 during midday trading on Tuesday, hitting $327.10. 364,902 shares of the company traded hands, compared to its average volume of 622,876. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.56 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 7.16 and a beta of 1.11. ANSYS has a 52-week low of $258.01 and a 52-week high of $364.31. The business has a 50 day simple moving average of $324.85 and a two-hundred day simple moving average of $333.14.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 earnings per share. On average, equities analysts forecast that ANSYS will post 7.05 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ANSYS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of ANSYS by 0.7% in the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after buying an additional 73,585 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of ANSYS by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock worth $547,483,000 after buying an additional 27,893 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of ANSYS by 167.4% in the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares in the last quarter. Morgan Stanley lifted its stake in shares of ANSYS by 18.0% in the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after buying an additional 154,325 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of ANSYS in the fourth quarter worth about $282,329,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ANSS. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, StockNews.com assumed coverage on shares of ANSYS in a research note on Wednesday, June 26th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $320.00.

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.