Analysts Set ANSYS, Inc. (NASDAQ:ANSS) PT at $342.50

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $342.50.

Several analysts have recently commented on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

ANSYS Stock Up 0.2 %

Shares of NASDAQ:ANSS opened at $334.48 on Friday. ANSYS has a 52 week low of $289.82 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The company has a market cap of $29.25 billion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. The firm has a 50 day simple moving average of $337.64 and a 200 day simple moving average of $325.65.

Insiders Place Their Bets

In related 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 value of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Large investors have recently made changes to their positions in the stock. DT Investment Partners LLC lifted its holdings in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the second quarter worth $32,000. Rothschild Investment LLC bought a new stake in shares of ANSYS during the 2nd quarter worth $38,000. Bangor Savings Bank grew its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after acquiring an additional 170 shares during the period. Institutional investors own 92.39% of the company’s stock.

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.