ANSYS (ANSS) Stock Rating Upgraded by Benchmark

Benchmark upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a report issued on Monday morning, Marketbeat reports. They currently have $187.00 target price on the software maker’s stock.

Several other analysts have also commented on the stock. Wedbush raised shares of ANSYS from a neutral rating to an outperform rating and lifted their price target for the company from $180.00 to $184.00 in a research report on Friday. ValuEngine raised ANSYS from a hold rating to a buy rating in a research report on Friday. Needham & Company LLC raised ANSYS from a hold rating to a buy rating and set a $172.00 target price on the stock in a research report on Monday, October 29th. BidaskClub lowered ANSYS from a hold rating to a sell rating in a research report on Friday, October 12th. Finally, William Blair initiated coverage on ANSYS in a research report on Tuesday, October 9th. They issued a market perform rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $176.09.

ANSS stock opened at $153.21 on Monday. The company has a market cap of $13.09 billion, a PE ratio of 42.44 and a beta of 1.29. ANSYS has a one year low of $140.78 and a one year high of $190.45.

In other ANSYS news, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total value of $532,910.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Cashman III sold 30,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $171.39, for a total transaction of $5,141,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,350 shares of company stock valued at $8,631,756. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Cookson Peirce & Co. Inc. grew its stake in shares of ANSYS by 8.0% during the third quarter. Cookson Peirce & Co. Inc. now owns 4,305 shares of the software maker’s stock worth $804,000 after purchasing an additional 320 shares in the last quarter. Cue Financial Group Inc. grew its stake in shares of ANSYS by 2.7% during the second quarter. Cue Financial Group Inc. now owns 13,797 shares of the software maker’s stock worth $2,403,000 after purchasing an additional 365 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of ANSYS by 1.4% during the third quarter. Gulf International Bank UK Ltd now owns 26,978 shares of the software maker’s stock worth $5,036,000 after purchasing an additional 365 shares in the last quarter. Comerica Bank grew its stake in shares of ANSYS by 1.2% during the second quarter. Comerica Bank now owns 33,939 shares of the software maker’s stock worth $6,131,000 after purchasing an additional 406 shares in the last quarter. Finally, BB&T Corp grew its stake in shares of ANSYS by 2.2% during the second quarter. BB&T Corp now owns 18,904 shares of the software maker’s stock worth $3,293,000 after purchasing an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

About ANSYS

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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