ANSYS (NASDAQ:ANSS) Releases Earnings Results, Misses Estimates By $0.54 EPS

ANSYS (NASDAQ:ANSS) released its quarterly earnings results on Wednesday. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54), Briefing.com reports. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period in the prior year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis.

ANSYS Trading Up 1.6 %

Shares of NASDAQ:ANSS opened at $319.52 on Friday. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The stock has a market cap of $27.89 billion, a PE ratio of 64.16, a P/E/G ratio of 4.93 and a beta of 1.16. The business has a 50 day moving average of $336.00 and a 200-day moving average of $322.00. The company has a quick ratio of 2.30, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ANSS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday. StockNews.com assumed coverage on ANSYS in a report on Wednesday. They set a “hold” rating for the company. Barclays increased their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Mizuho decreased their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $320.00.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% 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.