ANSS has been the subject of a number of other research reports. Griffin Securities raised shares of ANSYS from a neutral rating to a buy rating and set a $240.00 target price for the company in a report on Friday, September 13th. Wedbush upped their price objective on shares of ANSYS from $232.00 to $254.00 and gave the company an outperform rating in a report on Friday, September 13th. Guggenheim reissued a buy rating on shares of ANSYS in a report on Wednesday, September 4th. Needham & Company LLC upped their price objective on shares of ANSYS from $210.00 to $220.00 and gave the company a buy rating in a report on Monday, September 16th. Finally, Zacks Investment Research lowered shares of ANSYS from a strong-buy rating to a hold rating and set a $240.00 price objective for the company. in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $221.00.
ANSYS stock opened at $224.16 on Tuesday. ANSYS has a 52-week low of $136.80 and a 52-week high of $227.68. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 43.02 and a beta of 1.39. The company has a fifty day simple moving average of $215.18 and a 200-day simple moving average of $200.95. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.03.
ANSYS (NASDAQ:ANSS) last released its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The business had revenue of $370.51 million during the quarter, compared to analyst estimates of $338.31 million. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts anticipate that ANSYS will post 5.2 EPS for the current fiscal year.
In related news, VP Janet Lee sold 1,174 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $215.26, for a total value of $252,715.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.11% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. ETRADE Capital Management LLC grew its holdings in shares of ANSYS by 6.7% in the second quarter. ETRADE Capital Management LLC now owns 7,670 shares of the software maker’s stock valued at $1,571,000 after purchasing an additional 482 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in ANSYS by 478.6% during the second quarter. Cookson Peirce & Co. Inc. now owns 13,915 shares of the software maker’s stock worth $2,850,000 after buying an additional 11,510 shares during the period. Marshall Wace North America L.P. boosted its stake in ANSYS by 30.6% during the second quarter. Marshall Wace North America L.P. now owns 133,884 shares of the software maker’s stock worth $27,422,000 after buying an additional 31,370 shares during the period. Wedbush Securities Inc. boosted its stake in ANSYS by 6.7% during the second quarter. Wedbush Securities Inc. now owns 1,202 shares of the software maker’s stock worth $246,000 after buying an additional 76 shares during the period. Finally, CSat Investment Advisory L.P. boosted its stake in ANSYS by 129.7% during the second quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock worth $52,000 after buying an additional 144 shares during the period. 93.64% of the stock is owned by hedge funds and other 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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