ANSYS, Inc. (NASDAQ:ANSS) Short Interest Up 8.7% in September

ANSYS, Inc. (NASDAQ:ANSS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,630,000 shares, a growth of 8.7% from the August 31st total of 1,500,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 414,800 shares, the short-interest ratio is presently 3.9 days.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANSS. Swedbank AB purchased a new stake in ANSYS in the first quarter worth about $128,089,000. M&G Plc purchased a new stake in ANSYS in the first quarter worth about $115,922,000. Point72 Asset Management L.P. increased its position in ANSYS by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after buying an additional 220,200 shares in the last quarter. Magnetar Financial LLC purchased a new stake in ANSYS in the first quarter worth about $72,797,000. Finally, TOMS Capital Investment Management LP bought a new position in ANSYS in the 4th quarter worth approximately $53,647,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Price Performance

Shares of ANSYS stock opened at $318.63 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The business’s 50 day simple moving average is $315.85 and its two-hundred day simple moving average is $324.51. The stock has a market capitalization of $27.82 billion, a P/E ratio of 63.98, a price-to-earnings-growth ratio of 6.89 and a beta of 1.12. ANSYS has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same period in the previous year, the firm earned $1.06 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts forecast that ANSYS will post 7.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ANSS. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. KeyCorp began coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com began coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $318.33.

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.