ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $231.06 and last traded at $230.86, with a volume of 10892 shares traded. The stock had previously closed at $227.35.
ANSS has been the subject of several recent analyst reports. Wedbush lifted their price objective on shares of ANSYS from $232.00 to $254.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price objective for the company. in a research note on Monday, October 14th. BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Griffin Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective for the company in a research note on Friday, September 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of ANSYS in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $223.60.
The stock has a market capitalization of $18.88 billion, a PE ratio of 43.95 and a beta of 1.39. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $220.93 and its 200-day moving average price is $206.65.
In related news, VP Janet Lee sold 1,174 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $215.26, for a total value of $252,715.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew C. Zack sold 1,427 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $230.40, for a total transaction of $328,780.80. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in ANSYS by 2.6% in the 2nd quarter. Private Trust Co. NA now owns 3,048 shares of the software maker’s stock valued at $624,000 after buying an additional 76 shares during the last quarter. Swedbank bought a new stake in ANSYS in the 2nd quarter valued at about $100,576,000. DNB Asset Management AS boosted its holdings in ANSYS by 1.9% in the 2nd quarter. DNB Asset Management AS now owns 14,758 shares of the software maker’s stock valued at $3,023,000 after purchasing an additional 276 shares during the period. KAMES CAPITAL plc boosted its holdings in ANSYS by 1.3% in the 2nd quarter. KAMES CAPITAL plc now owns 349,613 shares of the software maker’s stock valued at $71,580,000 after purchasing an additional 4,365 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in ANSYS by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 39,141 shares of the software maker’s stock valued at $8,017,000 after purchasing an additional 133 shares during the period. 94.01% of the stock is owned by institutional investors.
About ANSYS (NASDAQ:ANSS)
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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