ANSYS, Inc. (NASDAQ:ANSS) Sees Large Decrease in Short Interest

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 1,100,000 shares, a drop of 17.3% from the November 15th total of 1,330,000 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 438,800 shares, the short-interest ratio is presently 2.5 days.

ANSYS Stock Performance

Shares of ANSS opened at $340.24 on Monday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $336.35 and a 200 day moving average price of $325.19. The company has a market capitalization of $29.75 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. ANSYS has a 52-week low of $289.82 and a 52-week high of $364.31.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the 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 owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ANSYS

Several hedge funds have recently made changes to their positions in ANSS. Bangor Savings Bank grew its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock valued at $409,000 after acquiring an additional 37 shares during the period. Gardner Lewis Asset Management L P grew its position in shares of ANSYS by 1.9% during the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after acquiring an additional 40 shares during the last quarter. Eads & Heald Wealth Management increased its holdings in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after acquiring an additional 40 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker’s stock worth $509,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ANSS. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $342.50.

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.