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

ANSYS (NASDAQ:ANSS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

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

ANSYS Trading Down 0.1 %

Shares of ANSS opened at $324.20 on Friday. The company’s fifty day moving average is $337.11 and its 200 day moving average is $333.83. ANSYS has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock has a market capitalization of $28.42 billion, a PE ratio of 49.50, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Sell-side analysts expect that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock worth $3,590,462,000 after purchasing an additional 78,730 shares during the last quarter. State Street Corp raised its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. Geode Capital Management LLC raised its holdings in ANSYS by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock valued at $796,033,000 after acquiring an additional 58,190 shares during the last quarter. FIL Ltd increased its holdings in shares of ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock worth $703,730,000 after buying an additional 511,557 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $695,129,000. 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.