ANSYS, Inc. (NASDAQ:ANSS) Receives $320.00 Consensus PT from Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $320.00.

A number of equities research analysts recently weighed in on ANSS shares. Royal Bank of Canada lowered their target price on shares of ANSYS from $350.00 to $315.00 in a report on Friday, May 6th. Rosenblatt Securities lowered their target price on shares of ANSYS from $400.00 to $360.00 and set a “neutral” rating on the stock in a report on Friday, February 25th. Mizuho decreased their price objective on shares of ANSYS from $310.00 to $285.00 in a research note on Friday, May 6th. StockNews.com began coverage on shares of ANSYS in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Daiwa Capital Markets began coverage on shares of ANSYS in a research note on Friday, March 25th. They issued a “sell” rating and a $253.00 price objective for the company.

Shares of ANSS traded up $5.09 on Tuesday, reaching $252.94. The company’s stock had a trading volume of 718,887 shares, compared to its average volume of 562,357. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.17. ANSYS has a twelve month low of $230.72 and a twelve month high of $413.89. The stock has a market capitalization of $22.00 billion, a PE ratio of 49.21, a PEG ratio of 3.53 and a beta of 1.28. The firm has a fifty day moving average of $290.79 and a 200-day moving average of $338.01.

ANSYS (NASDAQ:ANSSGet Rating) last posted its earnings results on Wednesday, May 4th. The software maker reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.32. ANSYS had a net margin of 23.02% and a return on equity of 12.14%. The company had revenue of $428.64 million for the quarter, compared to analyst estimates of $409.26 million. During the same quarter in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts anticipate that ANSYS will post 6.27 EPS for the current fiscal year.

In other news, SVP Shane Emswiler sold 3,471 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $311.84, for a total transaction of $1,082,396.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Emerald Advisers LLC bought a new position in ANSYS in the 4th quarter worth approximately $26,000. Liberty Wealth Management LLC boosted its holdings in ANSYS by 322.2% in the 3rd quarter. Liberty Wealth Management LLC now owns 76 shares of the software maker’s stock worth $28,000 after buying an additional 58 shares during the period. Assetmark Inc. boosted its holdings in ANSYS by 3,900.0% in the 3rd quarter. Assetmark Inc. now owns 80 shares of the software maker’s stock worth $27,000 after buying an additional 78 shares during the period. Fieldpoint Private Securities LLC boosted its holdings in ANSYS by 167.6% in the 1st quarter. Fieldpoint Private Securities LLC now owns 91 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the period. Finally, JFS Wealth Advisors LLC bought a new position in ANSYS in the 4th quarter worth approximately $43,000. 89.93% of the stock is owned by institutional investors.

ANSYS Company Profile (Get Rating)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

Further Reading

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.