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

ANSYS, Inc. (NASDAQ:ANSS) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,620,000 shares, an increase of 15.7% from the May 31st total of 1,400,000 shares. Based on an average trading volume of 444,800 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

ANSS has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of ANSYS in a report on Wednesday, June 26th. They issued a “hold” rating on the stock. KeyCorp initiated coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $320.00.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $28,000. Quest Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $29,000. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $34,000. Raleigh Capital Management Inc. boosted its holdings in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares in the last quarter. Finally, Core Wealth Advisors Inc. bought a new stake in shares of ANSYS in the 4th quarter valued at about $40,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 1.8 %

Shares of ANSYS stock opened at $327.10 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The firm’s 50-day moving average is $324.85 and its two-hundred day moving average is $333.14. The stock has a market cap of $28.56 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 7.16 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that ANSYS will post 7.05 earnings per share for the current fiscal year.

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.