ANSYS (NASDAQ:ANSS) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Separately, Rosenblatt Securities lifted their price objective 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 Stock Performance

NASDAQ ANSS opened at $324.20 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11. The firm’s 50 day simple moving average is $337.11 and its 200 day simple moving average is $334.01. ANSYS has a 1 year low of $289.82 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The business had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. As a group, research analysts expect 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 stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. 111 Capital purchased a new stake in shares of ANSYS during the 4th quarter valued at about $293,000. Wealth Enhancement Advisory Services LLC lifted its holdings in ANSYS by 7.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,381 shares of the software maker’s stock valued at $1,141,000 after purchasing an additional 234 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in ANSYS during the fourth quarter valued at approximately $9,446,000. Siemens Fonds Invest GmbH lifted its holdings in ANSYS by 1,120.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 22,125 shares of the software maker’s stock valued at $7,463,000 after purchasing an additional 20,312 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in ANSYS during the fourth quarter valued at approximately $21,276,000. 92.39% of the stock is currently owned by institutional investors.

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.