ANSYS (NASDAQ:ANSS) had its price objective raised by Wedbush from $221.00 to $228.00 in a report published on Thursday, The Fly reports. Wedbush currently has an outperform rating on the software maker’s stock. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently weighed in on ANSS. Benchmark reissued a buy rating and set a $210.00 price target (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. Citigroup cut shares of BCE from a buy rating to a neutral rating in a research report on Thursday, May 2nd. BidaskClub cut shares of Virtu Financial from a sell rating to a strong sell rating in a research report on Wednesday, June 12th. Evercore ISI cut shares of Cognizant Technology Solutions from an outperform rating to an in-line rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. ANSYS presently has an average rating of Buy and a consensus price target of $194.33.
Shares of ANSYS stock opened at $212.28 on Thursday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 40.74 and a beta of 1.41. The firm has a 50 day moving average of $196.66. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $212.66.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The firm had revenue of $319.91 million for the quarter, compared to analysts’ expectations of $306.17 million. During the same period last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts anticipate that ANSYS will post 5.07 earnings per share for the current fiscal year.
In related news, Director Alec D. Gallimore sold 638 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $185.78, for a total value of $118,527.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William R. Mcdermott sold 1,765 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The disclosure for this sale can be found here. Insiders sold a total of 3,519 shares of company stock worth $656,325 over the last ninety days. 1.11% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in ANSYS by 12.2% in the fourth quarter. LPL Financial LLC now owns 2,859 shares of the software maker’s stock valued at $409,000 after acquiring an additional 310 shares during the last quarter. Advisor Group Inc. increased its holdings in ANSYS by 13.0% in the fourth quarter. Advisor Group Inc. now owns 7,001 shares of the software maker’s stock valued at $1,001,000 after buying an additional 808 shares during the last quarter. GSA Capital Partners LLP bought a new stake in ANSYS in the fourth quarter valued at about $296,000. NumerixS Investment Technologies Inc bought a new stake in ANSYS in the fourth quarter valued at about $100,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in ANSYS by 5.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,907 shares of the software maker’s stock valued at $1,988,000 after buying an additional 739 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
ANSYS Company Profile
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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