ANSYS (NASDAQ:ANSS) had its price target lifted by Wedbush from $232.00 to $254.00 in a research report sent to investors on Friday, BenzingaRatingsTable reports. They currently have an outperform rating on the software maker’s stock.
ANSS has been the topic of a number of other reports. Griffin Securities upgraded ANSYS from a neutral rating to a buy rating and set a $240.00 price target on the stock in a report on Friday. Evercore ISI reiterated a hold rating and set a $160.00 price target on shares of ANSYS in a report on Tuesday, August 6th. JPMorgan Chase & Co. upgraded ANSYS from an underweight rating to a neutral rating and lifted their price target for the stock from $190.00 to $228.00 in a report on Wednesday, September 11th. Guggenheim reiterated a buy rating on shares of ANSYS in a report on Wednesday, September 4th. Finally, Citigroup began coverage on ANSYS in a report on Monday, July 22nd. They set a buy rating and a $250.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $221.00.
Shares of ANSYS stock opened at $212.13 on Friday. The business’s fifty day simple moving average is $208.82 and its 200 day simple moving average is $196.04. The firm has a market capitalization of $17.75 billion, a P/E ratio of 40.72 and a beta of 1.41. ANSYS has a 12 month low of $136.80 and a 12 month high of $219.86. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.25. The business had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. ANSYS’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the company posted $1.35 earnings per share. Analysts predict that ANSYS will post 5.2 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. ETRADE Capital Management LLC raised its stake in shares of ANSYS by 6.7% in the second quarter. ETRADE Capital Management LLC now owns 7,670 shares of the software maker’s stock valued at $1,571,000 after buying an additional 482 shares during the period. Cookson Peirce & Co. Inc. raised its stake in shares of ANSYS by 478.6% in the second quarter. Cookson Peirce & Co. Inc. now owns 13,915 shares of the software maker’s stock valued at $2,850,000 after buying an additional 11,510 shares during the period. Wedbush Securities Inc. raised its stake in shares of ANSYS by 6.7% in the second quarter. Wedbush Securities Inc. now owns 1,202 shares of the software maker’s stock valued at $246,000 after buying an additional 76 shares during the period. First Trust Advisors LP raised its stake in shares of ANSYS by 2,565.2% in the second quarter. First Trust Advisors LP now owns 134,541 shares of the software maker’s stock valued at $27,557,000 after buying an additional 129,493 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of ANSYS in the second quarter valued at $39,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.
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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