Bank of America started coverage on shares of ANSYS (NASDAQ:ANSS) in a report published on Monday, Price Targets.com reports. The brokerage issued a buy rating and a $400.00 target price on the software maker’s stock.
Several other analysts also recently issued reports on ANSS. Zacks Investment Research downgraded shares of ANSYS from a hold rating to a strong sell rating and set a $286.00 price objective for the company. in a research note on Thursday, March 4th. Royal Bank of Canada reduced their target price on shares of ANSYS from $400.00 to $380.00 and set a sector perform rating on the stock in a research report on Thursday, March 4th. Finally, Credit Suisse Group reduced their target price on shares of ANSYS from $413.00 to $392.00 and set an outperform rating on the stock in a research report on Thursday, March 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. ANSYS currently has an average rating of Hold and an average target price of $332.11.
Shares of NASDAQ ANSS opened at $374.62 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market cap of $32.64 billion, a P/E ratio of 84.76 and a beta of 1.23. ANSYS has a 1 year low of $244.53 and a 1 year high of $413.19. The firm has a 50-day simple moving average of $337.27 and a two-hundred day simple moving average of $346.49.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Tuesday, February 23rd. The software maker reported $2.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.54 by $0.42. The business had revenue of $627.77 million during the quarter, compared to the consensus estimate of $564.55 million. ANSYS had a net margin of 24.88% and a return on equity of 12.09%. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, equities research analysts expect that ANSYS will post 4.95 EPS for the current year.
In related news, SVP Richard S. Mahoney sold 3,224 shares of ANSYS stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $409.00, for a total transaction of $1,318,616.00. Following the transaction, the senior vice president now directly owns 42,411 shares of the company’s stock, valued at $17,346,099. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Shane Emswiler sold 5,549 shares of ANSYS stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $392.69, for a total transaction of $2,179,036.81. Following the transaction, the senior vice president now directly owns 27,746 shares in the company, valued at $10,895,576.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,157 shares of company stock worth $5,941,768. 0.58% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Rehmann Capital Advisory Group purchased a new position in ANSYS in the third quarter worth $286,000. Nordea Investment Management AB grew its holdings in ANSYS by 42.1% in the fourth quarter. Nordea Investment Management AB now owns 581,735 shares of the software maker’s stock worth $211,635,000 after purchasing an additional 172,329 shares during the last quarter. Inverness Counsel LLC NY grew its holdings in ANSYS by 8.0% in the fourth quarter. Inverness Counsel LLC NY now owns 45,925 shares of the software maker’s stock worth $16,708,000 after purchasing an additional 3,396 shares during the last quarter. Pendal Group Limited purchased a new position in ANSYS in the fourth quarter worth $2,740,000. Finally, Fundsmith LLP grew its holdings in ANSYS by 6.6% in the fourth quarter. Fundsmith LLP now owns 357,103 shares of the software maker’s stock worth $129,914,000 after purchasing an additional 22,070 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.
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