ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS – Get Rating) was the target of a sharp drop in short-term interest rates in November. As of November 30th, there was short interest totaling 889,600 shares, down 14.5% from the November 15th total of 1,040,000 shares. Based on an average trading volume of 617,600 shares, the days-to-cover ratio is currently 1.4 days. Currently 1.0% of shares of the stock are shorted.

Changes in analyst ratings

A number of equity analysts have commented on ANSS stocks. The Royal Bank of Canada lowered its price target for ANSYS shares from $260.00 to $248.00 and on Friday, November 4th in a research note ranked the company as “Sector Perform”. Credit Suisse Group lowered its target price on ANSYS to $274.00 from $319.00 and gave the stock a “Outperform” rating in a research note on Friday, November 4th. Oppenheimer lowered its target price on ANSYS from $325.00 to $275.00 in a research note on Thursday, November 3. Barclays lowered its target price on ANSYS to $200.00 from $260.00 in a research report on Tuesday, October 11. Finally, in a research report on Wednesday, Robert W. Baird upgraded ANSYS from a “neutral” rating to an “outperform” rating and raised the price target on the stock to $295.00 from $281.00. Two analysts have assigned a sell rating to the stock, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $260.27.

Insiders place their bets

In related news, SVP Shane Emswiler sold 436 shares of the company’s shares in a transaction on Tuesday October 4th. The shares sold at an average price of $233.59 for a total value of $101,845.24. Following the closing of the transaction, the senior vice president now directly owns 26,572 shares of the company, valued at $6,206,953.48. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Company insiders own 0.54% of the company’s shares.

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Institutional inflows and outflows

Several hedge funds and other institutional investors have recently bought and sold shares in ANSS. Vanguard Group Inc. increased its position in ANSYS by 1.2% during the third quarter. Vanguard Group Inc. now owns 9,725,574 shares of the software maker’s stock valued at $2,156,158,000 after purchasing an additional 115,162 shares last quarter. BlackRock Inc. increased its stake in ANSYS by 0.7% in the third quarter. BlackRock Inc. now owns 8,798,386 shares of the software maker’s stock valued at $1,950,601,000 after purchasing an additional 58,228 shares during the period. State Street Corp increased its stake in ANSYS by 1.1% in the third quarter. State Street Corp now owns 3,408,038 shares of the software maker’s stock valued at $755,562,000 after purchasing an additional 38,605 shares last quarter. FMR LLC increased its position in ANSYS by 22.1% during the second quarter. FMR LLC now owns 2,857,563 shares of the software maker’s stock valued at $683,787,000 after purchasing an additional 517,220 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holding in ANSYS stock by 1.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,472,973 shares of the software maker’s stock valued at $785,540,000 after buying another 30,629 shares last quarter. Institutional investors own 90.80% of the company’s shares.

ANSYS stock performance

ANSS stock opened at $242.79 on Friday. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 5.63 and a beta of 1.27. ANSYS has a 12-month low of $194.23 and a 12-month high of $413.22. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt to equity ratio of 0.17. The company’s 50-day simple moving average is $232.60 and its 200-day simple moving average is $244.94.

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ANSYS (NASDAQ:ANSS – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The software maker reported earnings per share of $1.35 for the quarter, beating analysts’ consensus estimate of $1.18 by $0.17. The company had revenue of $472.51 million for the quarter, compared to analyst estimates of $467.78 million. ANSYS had a net margin of 23.13% and a return on equity of 12.13%. The company’s revenue for the quarter rose 7.1% year over year. In the same quarter last year, the company posted $1.19 per share. Analysts are predicting that ANSYS will report earnings per share of 6.06 for the current year.

ANSYS company profile

(get rating)

ANSYS, Inc develops and sells engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework on which its multiphysics engineering simulation technologies are built, enabling engineers to simulate the interactions between structures, heat transfer, fluids, electronics and optical elements in a unified engineering simulation environment; high-performance computing product suite; Power analysis and optimization software suite that manages power budget, power delivery integrity, and power-induced noise in an electronic design; and Structural Analysis product suite that provides simulation tools for product design and optimization.

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