Robert W. Baird Issues Positive Forecast for ANSYS (NASDAQ:ANSS) Stock Price

ANSYS (NASDAQ:ANSS) had its price objective upped by Robert W. Baird from $350.00 to $365.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

ANSS has been the topic of several other research reports. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $333.00.

ANSYS Stock Down 3.8 %

ANSYS stock traded down $13.42 during mid-day trading on Thursday, reaching $342.16. The stock had a trading volume of 635,570 shares, compared to its average volume of 528,806. The firm has a market capitalization of $29.90 billion, a PE ratio of 62.82, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11. ANSYS has a fifty-two week low of $275.81 and a fifty-two week high of $364.31. The stock’s 50-day simple moving average is $320.75 and its 200-day simple moving average is $321.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % 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 currently owned by insiders.

Institutional Trading of ANSYS

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of ANSYS by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after purchasing an additional 73,585 shares during the last quarter. Earnest Partners LLC grew its holdings in ANSYS by 2.5% during 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 during the period. Impax Asset Management Group plc increased its position in ANSYS by 8.0% in 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 last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of ANSYS by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock valued at $167,985,000 after buying an additional 22,836 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of ANSYS by 3.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after buying an additional 16,462 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

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.