ANSYS, Inc. (ANSS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $124.90.

Several research firms have recently issued reports on ANSS. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Finally, Citigroup lifted their price objective on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd.

Shares of ANSYS (ANSS) opened at $150.41 on Friday. The stock has a market cap of $12,630.63, a price-to-earnings ratio of 47.30 and a beta of 1.07. ANSYS has a 1 year low of $96.02 and a 1 year high of $164.90.

In related news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,527 shares of company stock valued at $5,123,622. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new position in ANSYS in the second quarter valued at $243,000. Dimensional Fund Advisors LP increased its stake in ANSYS by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after purchasing an additional 32,962 shares during the period. Toronto Dominion Bank increased its stake in ANSYS by 9.2% in the third quarter. Toronto Dominion Bank now owns 39,373 shares of the software maker’s stock valued at $4,834,000 after purchasing an additional 3,321 shares during the period. Russell Investments Group Ltd. increased its stake in ANSYS by 12.1% in the third quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock valued at $2,598,000 after purchasing an additional 2,290 shares during the period. Finally, Tredje AP fonden increased its stake in ANSYS by 49.3% in the third quarter. Tredje AP fonden now owns 32,900 shares of the software maker’s stock valued at $4,038,000 after purchasing an additional 10,860 shares during the period. 96.57% of the stock is owned by hedge funds and other institutional investors.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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