ANSYS (NASDAQ:ANSS) was upgraded by Wedbush from a “neutral” rating to an “outperform” rating in a report released on Friday, The Fly reports.
Other analysts also recently issued research reports about the company. BidaskClub downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Berenberg Bank upped their price target on ANSYS from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Needham & Company LLC upgraded ANSYS from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Monday. Finally, Evercore ISI reiterated a “hold” rating and set a $150.00 target price on shares of ANSYS in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. ANSYS currently has an average rating of “Buy” and a consensus price target of $172.18.
ANSYS stock opened at $153.14 on Friday. The company has a market capitalization of $12.32 billion, a P/E ratio of 42.42 and a beta of 1.06. ANSYS has a twelve month low of $140.78 and a twelve month high of $190.45.
ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.25. The company had revenue of $308.90 million for the quarter, compared to the consensus estimate of $288.26 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 EPS. As a group, analysts forecast that ANSYS will post 4.54 earnings per share for the current fiscal year.
In other news, Director Barbara Vaughn Scherer sold 2,454 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total transaction of $461,327.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alec D. Gallimore sold 276 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $173.76, for a total value of $47,957.76. The disclosure for this sale can be found here. Insiders have sold a total of 45,850 shares of company stock worth $8,098,846 over the last three months. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANSS. Bartlett & Co. LLC bought a new position in shares of ANSYS during the 3rd quarter valued at $114,000. Fort L.P. bought a new position in shares of ANSYS during the 2nd quarter valued at $121,000. Piedmont Investment Advisors LLC bought a new position in shares of ANSYS during the 2nd quarter valued at $166,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of ANSYS by 338.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after buying an additional 803 shares during the period. Finally, Emerald Advisers Inc. PA bought a new position in shares of ANSYS during the 3rd quarter valued at $201,000. 94.41% of the stock is currently owned by hedge funds and other institutional investors.
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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