ANSYS, Inc. (NASDAQ:ANSS) – Analysts at Griffin Securities issued their Q1 2018 earnings per share (EPS) estimates for shares of ANSYS in a research note issued to investors on Monday. Griffin Securities analyst J. Vleeschhouwer expects that the software maker will post earnings per share of $0.94 for the quarter.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The firm had revenue of $302.34 million for the quarter, compared to analysts’ expectations of $290.66 million. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, January 30th. Wedbush reaffirmed a “neutral” rating and issued a $136.00 target price (down from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $132.00.
Shares of ANSYS (NASDAQ ANSS) opened at $167.36 on Thursday. ANSYS has a 52-week low of $104.55 and a 52-week high of $171.92. The company has a market cap of $14,200.00, a PE ratio of 52.79 and a beta of 1.04.
ANSYS declared that its board has authorized a stock buyback plan on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other ANSYS news, VP Richard S. Mahoney sold 1,625 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Maria T. Shields sold 25,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,691 shares of company stock worth $8,852,518. Insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ANSS. Bank of New York Mellon Corp raised its holdings in ANSYS by 27.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after acquiring an additional 224,640 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in ANSYS in the 4th quarter valued at about $20,726,000. Guggenheim Capital LLC raised its holdings in ANSYS by 34.2% in the 4th quarter. Guggenheim Capital LLC now owns 522,492 shares of the software maker’s stock valued at $77,115,000 after acquiring an additional 133,151 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in ANSYS by 34.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 501,015 shares of the software maker’s stock valued at $61,490,000 after acquiring an additional 129,627 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in ANSYS by 33.1% in the 3rd quarter. Janus Henderson Group PLC now owns 445,080 shares of the software maker’s stock valued at $54,625,000 after acquiring an additional 110,618 shares during the period. 96.53% of the stock is currently owned by hedge funds and other institutional investors.
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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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