Short Interest in ANSYS, Inc. (NASDAQ:ANSS) Decreases By 6.0%

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,570,000 shares, a decline of 6.0% from the June 30th total of 1,670,000 shares. Based on an average daily volume of 464,900 shares, the short-interest ratio is presently 3.4 days. Currently, 1.8% of the shares of the company are sold short.

ANSYS Price Performance

ANSYS stock opened at $304.45 on Wednesday. ANSYS has a 52-week low of $258.01 and a 52-week high of $364.31. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 6.89 and a beta of 1.11. The company has a fifty day simple moving average of $322.86 and a 200-day simple moving average of $330.25. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. StockNews.com assumed coverage on shares of ANSYS in a report on Sunday. They issued a “hold” rating for the company. Finally, KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and a consensus price target of $320.00.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $29,000. DT Investment Partners LLC grew its holdings in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the period. DSM Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $34,000. Core Wealth Advisors Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at about $40,000. Finally, Rothschild Investment LLC purchased a new stake in shares of ANSYS in the second quarter valued at about $38,000. Hedge funds and other 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.