Short Interest Buzzer: Will Ansys Incorporated (NASDAQ:ANSS) Run Out of Steam Soon? Short Interest Is Down

November 24, 2016 - By Darrin Black   ·   0 Comments

Short Interest Buzzer: Will Ansys Incorporated (NASDAQ:ANSS) Run Out of Steam Soon? Short Interest Is Down

The stock of Ansys Incorporated (NASDAQ:ANSS) registered a decrease of 7.78% in short interest. ANSS’s total short interest was 1.58 million shares in November as published by FINRA. Its down 7.78% from 1.72 million shares, reported previously. With 265,000 shares average volume, it will take short sellers 6 days to cover their ANSS’s short positions. The short interest to Ansys Incorporated’s float is 1.82%. The stock increased 0.14% or $0.13 on November 23, hitting $94.01. About 389,211 shares traded hands. ANSYS, Inc. (NASDAQ:ANSS) has risen 3.31% since April 22, 2016 and is uptrending. It has underperformed by 2.10% the S&P500.

ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The company has a market cap of $8.14 billion. The Firm distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, channel partners and direct sales offices across the world. It has a 31.95 P/E ratio. The Company’s product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Multiphysics, Embedded Software, Systems, 3-D Direct Modeling and Academic.

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.13, from 0.99 in 2016Q1. The ratio is positive, as 41 funds sold all ANSYS, Inc. shares owned while 130 reduced positions. 27 funds bought stakes while 143 increased positions. They now own 81.38 million shares or 4.14% less from 84.89 million shares in 2016Q1.
Tower Research Capital Lc (Trc) owns 1,794 shares or 0.02% of their US portfolio. The Massachusetts-based Schwerin Boyle Cap has invested 0.9% in ANSYS, Inc. (NASDAQ:ANSS). Janus Capital Mngmt Ltd accumulated 0.1% or 1.34 million shares. The Florida-based Eagle Asset Incorporated has invested 0.42% in ANSYS, Inc. (NASDAQ:ANSS). The Ohio-based Fifth Third Comml Bank has invested 0.01% in ANSYS, Inc. (NASDAQ:ANSS). Atria Invests Limited Liability Com holds 0.03% or 2,979 shares in its portfolio. Sei Invests has 33,715 shares for 0.02% of their US portfolio. The Florida-based Finemark Bank has invested 0.01% in ANSYS, Inc. (NASDAQ:ANSS). Westpac Banking, a Australia-based fund reported 4,808 shares. Toronto Dominion Bankshares holds 0% or 7,174 shares in its portfolio. The Switzerland-based Swiss Bank & Trust has invested 0.06% in ANSYS, Inc. (NASDAQ:ANSS). World Asset Mgmt Inc reported 4,307 shares or 0.01% of all its holdings. Fred Alger Mngmt Incorporated, a New York-based fund reported 53,904 shares. Oak Ridge Limited Liability Corporation reported 560,455 shares or 1.31% of all its holdings. Moreover, Castleark Management Llc has 0.05% invested in ANSYS, Inc. (NASDAQ:ANSS) for 15,690 shares.

ANSYS, Inc. (NASDAQ:ANSS) Ratings Coverage

Out of 11 analysts covering Ansys Inc. (NASDAQ:ANSS), 1 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 9% are positive. Ansys Inc. has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by KeyBanc Capital Markets on Thursday, October 8 with “Sector Weight”. The stock of ANSYS, Inc. (NASDAQ:ANSS) earned “Neutral” rating by Wedbush on Friday, May 6. The stock has “Equal Weight” rating given by Pacific Crest on Thursday, October 8. The company was maintained on Friday, August 5 by Barclays Capital. The company was initiated on Tuesday, February 9 by Mitsubishi UFJ. Needham initiated ANSYS, Inc. (NASDAQ:ANSS) on Tuesday, November 22 with “Hold” rating. Benchmark maintained it with “Hold” rating and $86 target price in Friday, November 4 report. The firm has “Hold” rating given on Thursday, September 15 by Evercore. The rating was initiated by Goldman Sachs on Thursday, May 26 with “Neutral”. Wedbush maintained the stock with “Outperform” rating in Tuesday, February 16 report.

ANSS Company Profile

ANSYS, Inc. (ANSYS), incorporated on January 12, 1994, develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The Firm distributes its ANSYS suite of simulation technologies through a global network of independent resellers and distributors, channel partners and direct sales offices across the world. The Company’s product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Multiphysics, Embedded Software, Systems, 3-D Direct Modeling and Academic.

More recent ANSYS, Inc. (NASDAQ:ANSS) news were published by: Nytimes.com which released: “Ansys Inc. Names Chief Executive” on August 29, 2016. Also Bizjournals.com published the news titled: “Ansys buys German tech firm” on November 03, 2016. Prnewswire.com‘s news article titled: “Industry Visionaries Meet to Discuss Growing Technology Trends at the ANSYS …” with publication date: October 26, 2016 was also an interesting one.

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By Darrin Black


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