Needham & Company LLC reissued their buy rating on shares of ANSYS (NASDAQ:ANSS) in a report issued on Thursday, AnalystRatings.com reports. Needham & Company LLC currently has a $220.00 price target on the software maker’s stock.
ANSS has been the subject of several other research reports. Guggenheim reissued a buy rating on shares of ANSYS in a research note on Wednesday, September 4th. Benchmark lifted their price objective on ANSYS from $210.00 to $230.00 and gave the company a buy rating in a research note on Wednesday, September 11th. Evercore ISI set a $186.00 price objective on ANSYS and gave the company a hold rating in a research note on Sunday, November 3rd. ValuEngine lowered ANSYS from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised ANSYS from an underweight rating to a neutral rating and lifted their price objective for the company from $190.00 to $228.00 in a research note on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $223.60.
Shares of ANSS traded down $0.91 on Thursday, reaching $224.31. 597,400 shares of the company’s stock traded hands, compared to its average volume of 430,605. ANSYS has a 52-week low of $136.80 and a 52-week high of $229.20. The stock’s 50 day simple moving average is $220.17 and its two-hundred day simple moving average is $205.93. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $18.33 billion, a PE ratio of 43.05 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.42. The firm had revenue of $343.90 million during the quarter, compared to analyst estimates of $334.40 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Analysts forecast that ANSYS will post 5.2 earnings per share for the current year.
In other ANSYS news, VP Janet Lee sold 1,174 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $215.26, for a total transaction of $252,715.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.11% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC raised its position in ANSYS by 6.7% during 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 in the last quarter. Cookson Peirce & Co. Inc. raised its position in ANSYS by 478.6% during the second quarter. Cookson Peirce & Co. Inc. now owns 13,915 shares of the software maker’s stock valued at $2,850,000 after purchasing an additional 11,510 shares in the last quarter. Marshall Wace North America L.P. raised its position 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 valued at $27,422,000 after purchasing an additional 31,370 shares in the last quarter. Wedbush Securities Inc. raised its position in ANSYS by 6.7% during the second quarter. Wedbush Securities Inc. now owns 1,202 shares of the software maker’s stock valued at $246,000 after purchasing an additional 76 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its position in ANSYS by 129.7% during the second quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock valued at $52,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.
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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