ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,340,000 shares, a drop of 10.7% from the September 30th total of 1,500,000 shares. Based on an average daily volume of 378,800 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.5% of the company’s shares are short sold.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after acquiring an additional 73,585 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock valued at $195,160,000 after purchasing an additional 15,012 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after buying an additional 44,605 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock worth $167,985,000 after buying an additional 22,836 shares in the last quarter. Finally, Sei Investments Co. raised its position in ANSYS by 1.6% in the 2nd quarter. Sei Investments Co. now owns 423,892 shares of the software maker’s stock valued at $136,281,000 after buying an additional 6,867 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.0 %

Shares of ANSYS stock opened at $328.57 on Thursday. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $28.71 billion, a P/E ratio of 58.05, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The business has a 50-day moving average of $320.27 and a two-hundred day moving average of $321.58.

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

Analyst Ratings Changes

A number of brokerages recently commented on ANSS. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and an average target price of $318.33.

ANSYS Company Profile

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.