ANSYS, Inc. (NASDAQ:ANSS) Sees Significant Decline in Short Interest

ANSYS, Inc. (NASDAQ:ANSS) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,500,000 shares, a decline of 8.0% from the September 15th total of 1,630,000 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 385,400 shares, the days-to-cover ratio is currently 3.9 days.

Insider Activity

In other news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated 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 owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

A number of large investors have recently made changes to their positions in ANSS. DT Investment Partners LLC grew its position 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 in the last quarter. Redwood Wealth Management Group LLC purchased a new position in ANSYS in the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new position in shares of ANSYS during the second quarter worth $38,000. Bangor Savings Bank raised its stake in shares of 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. Finally, Janiczek Wealth Management LLC raised its stake in shares of ANSYS by 39.1% in the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after acquiring an additional 43 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Price Performance

Shares of ANSYS stock opened at $328.60 on Wednesday. The business has a 50 day simple moving average of $318.85 and a two-hundred day simple moving average of $322.79. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The stock has a market capitalization of $28.69 billion, a P/E ratio of 65.98, a PEG ratio of 6.99 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, analysts predict that ANSYS will post 7.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ANSS shares. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, StockNews.com initiated coverage on ANSYS in a report on Sunday, September 22nd. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $318.33.

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.