Short Interest in ANSYS, Inc. (NASDAQ:ANSS) Increases By 40.9%

ANSYS, Inc. (NASDAQ:ANSS) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,550,000 shares, an increase of 40.9% from the November 30th total of 1,100,000 shares. Based on an average daily trading volume, of 466,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.8% of the shares of the company are short sold.

Analyst Ratings Changes

ANSS has been the subject of several recent analyst reports. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Robert W. Baird lifted their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $342.50.

ANSYS Stock Down 0.5 %

NASDAQ:ANSS traded down $1.79 during midday trading on Monday, reaching $337.92. The company had a trading volume of 219,229 shares, compared to its average volume of 524,091. ANSYS has a 12-month low of $289.82 and a 12-month high of $363.03. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 52.15, a PEG ratio of 3.89 and a beta of 1.10. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $339.08 and its 200-day simple moving average is $326.45.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS during the 2nd quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in ANSYS in the second quarter valued at $38,000. Bangor Savings Bank boosted its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after purchasing an additional 170 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of ANSYS during the second quarter worth about $64,000. Institutional investors and hedge funds 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.