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

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant increase in short interest during 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. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 466,600 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $342.50.

ANSYS Stock Down 0.1 %

NASDAQ ANSS traded down $0.46 on Friday, hitting $339.70. The stock had a trading volume of 283,396 shares, compared to its average volume of 525,619. ANSYS has a 52-week low of $289.82 and a 52-week high of $364.31. The business’s fifty day moving average price is $339.08 and its 200 day moving average price is $326.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a market cap of $29.71 billion, a price-to-earnings ratio of 52.42, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10.

Insiders Place Their Bets

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

Institutional Investors Weigh In On ANSYS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D1 Capital Partners L.P. purchased a new stake in shares of ANSYS in the 3rd quarter valued at $73,345,000. State Street Corp increased its holdings in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the period. JPMorgan Chase & Co. increased its holdings in ANSYS by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock valued at $123,217,000 after buying an additional 100,042 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of ANSYS by 72.8% in the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock valued at $69,488,000 after buying an additional 89,840 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in ANSYS by 140.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock worth $44,565,000 after purchasing an additional 80,886 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other 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.