ANSYS (NASDAQ:ANSS) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $228.00 target price on the software maker’s stock, up from their previous target price of $190.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.34% from the company’s current price.
Several other analysts also recently commented on ANSS. Zacks Investment Research downgraded shares of ANSYS from a “strong-buy” rating to a “hold” rating and set a $240.00 target price for the company. in a research report on Monday, August 12th. Guggenheim reissued a “buy” rating on shares of ANSYS in a research report on Wednesday, September 4th. Wedbush boosted their target price on shares of ANSYS from $221.00 to $228.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Evercore ISI reissued a “hold” rating and issued a $160.00 target price on shares of ANSYS in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $216.20.
ANSYS stock traded up $3.33 during trading hours on Wednesday, hitting $214.41. The company had a trading volume of 12,287 shares, compared to its average volume of 502,568. The firm has a market capitalization of $17.69 billion, a P/E ratio of 41.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s fifty day moving average is $208.92 and its 200-day moving average is $195.30. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $219.86.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.25. The firm had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. Analysts anticipate that ANSYS will post 5.2 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Comerica Bank boosted its holdings in shares of ANSYS by 5.2% during the 1st quarter. Comerica Bank now owns 22,013 shares of the software maker’s stock worth $4,136,000 after buying an additional 1,093 shares during the period. Stephens Inc. AR boosted its holdings in shares of ANSYS by 6.1% during the 1st quarter. Stephens Inc. AR now owns 4,442 shares of the software maker’s stock worth $812,000 after buying an additional 257 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of ANSYS by 3.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,786 shares of the software maker’s stock worth $1,240,000 after buying an additional 213 shares during the period. State Treasurer State of Michigan boosted its holdings in shares of ANSYS by 0.8% during the 1st quarter. State Treasurer State of Michigan now owns 24,100 shares of the software maker’s stock worth $4,403,000 after buying an additional 200 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of ANSYS by 1.1% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 46,232 shares of the software maker’s stock worth $8,447,000 after buying an additional 500 shares during the period. 93.64% of the stock is owned by institutional investors.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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