ANSYS (NASDAQ:ANSS) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a report issued on Monday morning.

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

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $321.88 on Monday. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS has a 12 month low of $275.06 and a 12 month high of $363.03. The stock’s 50 day moving average price is $315.22 and its 200 day moving average price is $331.68.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.11). The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. Equities research analysts anticipate that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ANSS. FNY Investment Advisers LLC grew its position in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares during the last quarter. Oak Thistle LLC purchased a new position in ANSYS in the fourth quarter valued at about $255,000. Ulland Investment Advisors LLC increased its position in ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock worth $889,000 after purchasing an additional 1,366 shares during the last quarter. Finally, CCLA Investment Management raised its stake in shares of ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

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.