ANSYS (NASDAQ:ANSS)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Thursday, AnalystRatings.com reports. They currently have a $220.00 price target on the software maker’s stock. Needham & Company LLC’s target price indicates a potential downside of 1.92% from the company’s current price.
Other analysts also recently issued research reports about the stock. Wedbush lifted their target price on shares of ANSYS from $232.00 to $254.00 and gave the company an “outperform” rating in a report on Friday, September 13th. ValuEngine downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Benchmark lifted their target price on shares of ANSYS from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Guggenheim reiterated a “buy” rating on shares of ANSYS in a report on Wednesday, September 4th. Finally, Evercore ISI set a $186.00 price target on shares of ANSYS and gave the company a “hold” rating in a research report on Sunday, November 3rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $223.60.
ANSYS stock traded down $0.91 during midday trading on Thursday, reaching $224.31. The company had a trading volume of 597,400 shares, compared to its average volume of 430,605. ANSYS has a 12-month low of $136.80 and a 12-month high of $229.20. 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 simple moving average is $220.17 and its 200-day simple moving average is $205.93. The company has a market capitalization of $18.33 billion, a P/E ratio of 43.05 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 6th. The software maker reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.42. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The firm had revenue of $343.90 million during the quarter, compared to the consensus estimate of $334.40 million. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts expect that ANSYS will post 5.2 EPS for the current fiscal year.
In other ANSYS news, VP Janet Lee sold 1,174 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.11% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI lifted its position in shares of ANSYS by 64.5% during the 3rd quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 49 shares during the last quarter. Parallel Advisors LLC lifted its position in ANSYS by 146.8% in the third quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Motco purchased a new stake in ANSYS in the second quarter valued at $38,000. Ibex Wealth Advisors purchased a new stake in ANSYS in the second quarter valued at $39,000. Finally, CSat Investment Advisory L.P. lifted its position in ANSYS by 129.7% in the second quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock valued at $52,000 after acquiring an additional 144 shares during the last quarter. 94.01% of the stock is owned by institutional investors and hedge funds.
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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