Brokers Issue Forecasts for ANSYS, Inc.’s Q1 2018 Earnings (ANSS)

ANSYS, Inc. (NASDAQ:ANSS) – Analysts at Griffin Securities issued their Q1 2018 EPS estimates for shares of ANSYS in a research note issued to investors on Monday, March 12th, Zacks Investment Research reports. Griffin Securities analyst J. Vleeschhouwer anticipates that the software maker will post earnings per share of $0.94 for the quarter.

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A number of other research analysts also recently weighed in on the company. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, February 28th. 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, Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $132.00.

Shares of NASDAQ ANSS traded down $4.28 during mid-day trading on Thursday, reaching $153.51. The company had a trading volume of 404,516 shares, compared to its average volume of 438,388. ANSYS has a 1-year low of $104.65 and a 1-year high of $171.92. The stock has a market capitalization of $13,234.06, a price-to-earnings ratio of 42.52 and a beta of 1.02.

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 consensus estimate of $1.03 by $0.04. The company had revenue of $302.34 million for the quarter, compared to analysts’ expectations of $290.66 million. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS.

ANSYS announced that its board has authorized a stock repurchase plan on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the software maker to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In related news, CFO Maria T. Shields sold 25,000 shares of ANSYS stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard S. Mahoney sold 1,625 shares of ANSYS stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,164 shares of company stock valued at $8,700,396. Insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANSS. Cerebellum GP LLC bought a new position in ANSYS during the fourth quarter valued at about $122,000. Calton & Associates Inc. bought a new stake in ANSYS in the fourth quarter valued at $184,000. Advisor Partners LLC bought a new stake in ANSYS in the fourth quarter valued at $219,000. Conning Inc. bought a new stake in ANSYS in the fourth quarter valued at $204,000. Finally, Diversified Trust Co bought a new stake in ANSYS in the fourth quarter valued at $210,000. 96.50% of the stock is owned by hedge funds and other institutional investors.

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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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