Is there a Bearish outlook for ANSYS, Inc. (NASDAQ:ANSS) this week?

November 15, 2017 - By Vivian Park

 Is there a Bearish outlook for ANSYS, Inc. (NASDAQ:ANSS) this week?
Investors sentiment increased to 1.18 in Q2 2017. Its up 0.28, from 0.9 in 2017Q1. It increased, as 20 investors sold ANSYS, Inc. shares while 150 reduced holdings. 84 funds opened positions while 117 raised stakes. 80.72 million shares or 1.44% less from 81.90 million shares in 2017Q1 were reported.
Capstone Invest Advisors Lc holds 31,611 shares or 0.1% of its portfolio. Sit Inv Inc has 56,295 shares. Bluemountain Cap Mgmt Limited Liability Corporation holds 4,835 shares. Toronto Dominion Fincl Bank has 36,052 shares for 0.01% of their portfolio. Mawer Management stated it has 1.28% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Axa accumulated 5,564 shares. Asset Mgmt reported 8,208 shares. California-based Kayne Anderson Rudnick Inv Management Ltd Llc has invested 0.45% in ANSYS, Inc. (NASDAQ:ANSS). Riverhead Cap Management Lc holds 1,118 shares. Aviva Public Limited Liability Co owns 51,933 shares. Veritable Limited Partnership, Pennsylvania-based fund reported 4,080 shares. Meiji Yasuda Asset Mngmt Limited reported 12,276 shares stake. Dimensional Fund Advsrs Lp invested 0.02% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Ledyard Bancorporation holds 0% or 184 shares. Schwab Charles Investment Inc reported 425,386 shares.

Since May 23, 2017, it had 0 buys, and 2 sales for $842,960 activity. THURK MICHAEL had sold 4,800 shares worth $594,960 on Thursday, May 25.

ANSYS, Inc. (NASDAQ:ANSS) Ratings Coverage

Among 15 analysts covering Ansys Inc. (NASDAQ:ANSS), 2 have Buy rating, 2 Sell and 11 Hold. Therefore 13% are positive. Ansys Inc. had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, February 16 by Wedbush. The stock of ANSYS, Inc. (NASDAQ:ANSS) has “Hold” rating given on Friday, September 22 by Citigroup. The company was maintained on Wednesday, August 2 by Evercore. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Thursday, October 8 report. On Thursday, September 14 the stock rating was maintained by J.P. Morgan with “Sell”. On Wednesday, August 23 the stock rating was initiated by Berenberg with “Hold”. The stock of ANSYS, Inc. (NASDAQ:ANSS) has “Hold” rating given on Tuesday, October 31 by KeyBanc Capital Markets. As per Tuesday, November 22, the company rating was initiated by Needham. Robert W. Baird maintained it with “Buy” rating and $130.0 target in Monday, August 28 report. The stock has “Equal Weight” rating by Pacific Crest on Thursday, October 8. Below is a list of ANSYS, Inc. (NASDAQ:ANSS) latest ratings and price target changes.

03/11/2017 Broker: Citigroup Rating: Neutral Old Target: $125 New Target: $160 Maintain
03/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $147.0 Maintain
03/11/2017 Broker: Robert W. Baird Rating: Buy New Target: $155.0 Maintain
31/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
29/09/2017 Broker: Robert W. Baird Rating: Buy New Target: $130.0 Maintain
27/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
22/09/2017 Broker: Citigroup Rating: Hold New Target: $125.0 Initiate
14/09/2017 Broker: J.P. Morgan Rating: Sell Maintain
15/09/2017 Broker: Needham Rating: Hold Maintain
15/09/2017 Broker: Barclays Capital Rating: Underweight Old Target: $115 New Target: $113 Maintain

It is down 43.75% since November 15, 2016 and is uptrending. It has outperformed by 27.05% the S&P500.

ANSYS, Inc. 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. The company has market cap of $12.68 billion. The Firm focuses on the development of open and flexible solutions that enable users to analyze creates directly on the desktop, providing a common platform for product development, from design concept to final-stage testing and validation. It has a 47.06 P/E ratio. The Firm distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, and direct sales offices in various locations.

More news for ANSYS, Inc. (NASDAQ:ANSS) were recently published by: Prnewswire.com, which released: “Lifshitz & Miller LLP Announces Investigation of Ansys, Inc., Broadcom Limited …” on November 11, 2017. Nasdaq.com‘s article titled: “Ansys Inc. (ANSS) Has Surged To A New High On Strong Q3 Earnings” and published on November 02, 2017 is yet another important article.

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