ANSYS, Inc. (NASDAQ:ANSS) had its price objective hoisted by Royal Bank Of Canada from $130.00 to $147.00 in a research report report published on Friday, November 3rd, MarketBeat.com reports. They currently have a sector perform rating on the software maker’s stock.
Other analysts also recently issued reports about the company. BidaskClub upgraded ANSYS from a hold rating to a buy rating in a research report on Monday, July 24th. Robert W. Baird set a $130.00 price target on ANSYS and gave the company a buy rating in a research note on Monday, August 28th. Zacks Investment Research raised ANSYS from a hold rating to a buy rating and set a $139.00 price target for the company in a research note on Tuesday, October 3rd. KeyCorp reaffirmed a hold rating on shares of ANSYS in a research note on Friday, September 29th. Finally, Berenberg Bank began coverage on ANSYS in a research note on Wednesday, August 23rd. They set a hold rating and a $123.00 target price for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. ANSYS has an average rating of Hold and an average target price of $128.91.
ANSYS (NASDAQ:ANSS) opened at $150.28 on Friday. ANSYS has a 1-year low of $86.09 and a 1-year high of $155.14. The firm has a market capitalization of $12,752.76, a P/E ratio of 42.94 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. ANSYS’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. equities research analysts anticipate that ANSYS will post 3.57 EPS for the current year.
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In other ANSYS news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of ANSYS by 21.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after acquiring an additional 1,520,201 shares during the last quarter. FMR LLC lifted its stake in shares of ANSYS by 0.7% in the 2nd quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock valued at $813,354,000 after acquiring an additional 45,211 shares during the last quarter. State Street Corp raised its position in ANSYS by 20.9% during the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after purchasing an additional 607,765 shares during the last quarter. Northern Trust Corp raised its position in ANSYS by 10.4% during the 2nd quarter. Northern Trust Corp now owns 1,258,415 shares of the software maker’s stock valued at $153,125,000 after purchasing an additional 118,630 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in ANSYS by 0.6% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,141,118 shares of the software maker’s stock valued at $138,851,000 after purchasing an additional 6,540 shares during the last quarter. 97.18% of the stock is owned by institutional investors.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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