ANSYS (NASDAQ:ANSS) Given New $365.00 Price Target at Robert W. Baird

ANSYS (NASDAQ:ANSS) had its price objective upped by Robert W. Baird from $350.00 to $365.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research firms also recently weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average price target of $333.00.

ANSYS Stock Down 3.8 %

ANSS stock opened at $342.18 on Thursday. 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 company’s 50 day simple moving average is $321.88 and its 200-day simple moving average is $321.91. ANSYS has a 12 month low of $275.81 and a 12 month high of $364.31. The firm has a market capitalization of $29.92 billion, a PE ratio of 52.81, a P/E/G ratio of 7.15 and a beta of 1.11.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of ANSYS by 117.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 42,442 shares of the software maker’s stock valued at $13,523,000 after buying an additional 22,968 shares during the period. Alpine Associates Management Inc. grew its position in ANSYS by 3.4% during the third quarter. Alpine Associates Management Inc. now owns 409,983 shares of the software maker’s stock valued at $130,633,000 after acquiring an additional 13,350 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in ANSYS during the third quarter worth about $3,634,000. Banque Cantonale Vaudoise increased its stake in ANSYS by 72.1% during the third quarter. Banque Cantonale Vaudoise now owns 2,913 shares of the software maker’s stock worth $928,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of ANSYS by 392.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,876 shares of the software maker’s stock worth $1,235,000 after purchasing an additional 3,089 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.