Investment analysts at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the software maker’s stock.
ANSS has been the topic of a number of other research reports. Rosenblatt Securities reduced their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. KeyCorp started coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $318.33.
Check Out Our Latest Research Report on ANSS
ANSYS Stock Performance
ANSS opened at $315.60 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.80. The business has a fifty day simple moving average of $319.26 and a 200 day simple moving average of $327.30. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The company has a market capitalization of $27.55 billion, a PE ratio of 63.37, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11.
ANSYS (NASDAQ:ANSS – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period in the prior year, the company posted $1.06 earnings per share. ANSYS’s revenue was up 19.6% compared to the same quarter last year. Research analysts expect that ANSYS will post 7.05 EPS for the current year.
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is owned by insiders.
Hedge Funds Weigh In On ANSYS
Several institutional investors and hedge funds have recently added to or reduced their stakes in ANSS. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after acquiring an additional 73,585 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of ANSYS by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after purchasing an additional 27,893 shares in the last quarter. Norges Bank bought a new stake in shares of ANSYS during the fourth quarter worth about $282,329,000. Earnest Partners LLC increased its stake in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock valued at $195,160,000 after buying an additional 15,012 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in ANSYS by 4.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock worth $167,985,000 after buying an additional 22,836 shares during the period. Institutional investors own 92.39% of the company’s stock.
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.
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