ANSYS, Inc. (NASDAQ:ANSS) Short Interest Up 5.2% in October

ANSYS, Inc. (NASDAQ:ANSS) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,410,000 shares, a growth of 5.2% from the October 15th total of 1,340,000 shares. Based on an average daily volume of 389,600 shares, the short-interest ratio is presently 3.6 days. Approximately 1.6% of the company’s shares are sold short.

ANSYS Price Performance

ANSYS stock opened at $339.52 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $326.10 and a 200-day simple moving average of $322.65. The stock has a market cap of $29.69 billion, a P/E ratio of 52.40, a price-to-earnings-growth ratio of 3.76 and a beta of 1.11. ANSYS has a 12-month low of $275.81 and a 12-month high of $364.31.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

Institutional Trading of ANSYS

A number of institutional investors have recently bought and sold shares of ANSS. DT Investment Partners LLC raised its position in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in ANSYS during the second quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in shares of ANSYS during the 2nd quarter worth approximately $38,000. Bangor Savings Bank boosted its holdings in shares of ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in shares of ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $342.50.

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.