ANSYS, Inc. (NASDAQ:ANSS) has been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $105.75.
Several analysts recently weighed in on ANSS shares. Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) began coverage on ANSYS in a report on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Mitsubishi UFJ Financial Group cut ANSYS from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $112.00 to $114.00 in a report on Thursday, May 4th. Wedbush reaffirmed a “neutral” rating and issued a $101.00 price objective (down from $114.00) on shares of ANSYS in a report on Friday, May 5th. Finally, Barclays PLC dropped their price objective on ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a report on Monday, May 15th.
Shares of ANSYS (NASDAQ ANSS) traded up 0.20% on Tuesday, hitting $122.95. The stock had a trading volume of 324,084 shares. The stock’s 50-day moving average price is $124.48 and its 200 day moving average price is $113.89. The company has a market cap of $10.42 billion, a PE ratio of 39.51 and a beta of 1.10. ANSYS has a 52 week low of $82.28 and a 52 week high of $131.63.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. On average, analysts predict that ANSYS will post $3.86 EPS for the current year.
In related news, Director Michael Thurk sold 4,800 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $123.95, for a total transaction of $594,960.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $124.00, for a total value of $248,000.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Creative Planning raised its stake in shares of ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after buying an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of ANSYS during the first quarter worth $128,000. Global X Management Co. LLC raised its stake in shares of ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of ANSYS during the second quarter worth $149,000. Institutional investors and hedge funds own 98.16% of the company’s stock.
ANSYS Company Profile
ANSYS, Inc (ANSYS) 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.
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