Media coverage about ANSYS (NASDAQ:ANSS) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ANSYS earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 46.5013529609906 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Tuesday, January 30th. Wedbush reiterated a “neutral” rating and set a $136.00 price target (down previously from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, ValuEngine upgraded 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 given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $132.00.
Shares of NASDAQ:ANSS traded down $4.28 during trading hours on Friday, hitting $153.51. The company’s stock had a trading volume of 404,516 shares, compared to its average volume of 438,388. The firm has a market cap of $13,234.06, a P/E ratio of 42.52 and a beta of 1.02. ANSYS has a 52 week low of $104.65 and a 52 week high of $171.92.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The business had revenue of $302.34 million for the quarter, compared to analyst estimates of $290.66 million. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. ANSYS’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. sell-side analysts expect that ANSYS will post 4.41 EPS for the current fiscal year.
ANSYS announced that its Board of Directors has initiated a share buyback program on Wednesday, February 21st that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
In other ANSYS news, Director Bradford C. Morley sold 24,500 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total transaction of $4,043,970.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard S. Mahoney sold 2,039 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $162.01, for a total transaction of $330,338.39. The disclosure for this sale can be found here. Insiders have sold 53,164 shares of company stock valued at $8,700,396 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
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ANSYS Company Profile
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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