ANSYS (NASDAQ:ANSS – Get Rating) had its price target decreased by equities researchers at Rosenblatt Securities from $315.00 to $285.00 in a research note issued on Thursday, Stock Target Advisor reports. The firm currently has a “neutral” rating on the software maker’s stock. Rosenblatt Securities’ target price suggests a potential upside of 10.42% from the company’s current price.
Several other analysts have also recently commented on the company. Royal Bank of Canada reduced their price target on ANSYS from $350.00 to $315.00 in a report on Friday, May 6th. Mizuho dropped their price objective on ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup dropped their price target on ANSYS from $304.00 to $274.00 in a research report on Thursday. Daiwa Capital Markets started coverage on ANSYS in a research report on Friday, March 25th. They set a “sell” rating and a $253.00 price target for the company. Finally, Credit Suisse Group lowered their price objective on ANSYS from $339.00 to $320.00 and set an “outperform” rating for the company in a research report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $288.70.
ANSYS Stock Performance
ANSYS stock traded up $1.02 during mid-day trading on Thursday, reaching $258.10. 932 shares of the company were exchanged, compared to its average volume of 455,902. ANSYS has a twelve month low of $225.92 and a twelve month high of $413.89. The firm’s 50-day simple moving average is $246.66 and its two-hundred day simple moving average is $290.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $22.45 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 3.44 and a beta of 1.27.
ANSYS (NASDAQ:ANSS – Get Rating) last posted its quarterly earnings data 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 return on equity of 12.14% and a net margin of 23.02%. The company had revenue of $428.64 million during the quarter, compared to analysts’ expectations of $409.26 million. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts predict that ANSYS will post 6.27 earnings per share for the current fiscal year.
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 800 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $256.18, for a total value of $204,944.00. Following the completion of the sale, the director now directly owns 4,041 shares of the company’s stock, valued at $1,035,223.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.63% of the company’s stock.
Institutional Trading of ANSYS
Hedge funds and other institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC grew its holdings in shares of ANSYS by 1.4% during the fourth quarter. AE Wealth Management LLC now owns 3,054 shares of the software maker’s stock valued at $1,225,000 after purchasing an additional 43 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of ANSYS by 3.9% during the fourth quarter. Kestra Advisory Services LLC now owns 5,881 shares of the software maker’s stock valued at $2,359,000 after purchasing an additional 222 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of ANSYS during the fourth quarter valued at approximately $222,000. Allworth Financial LP grew its holdings in shares of ANSYS by 13.6% during the fourth quarter. Allworth Financial LP now owns 402 shares of the software maker’s stock valued at $161,000 after purchasing an additional 48 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of ANSYS by 163.9% during the fourth quarter. Strs Ohio now owns 6,241 shares of the software maker’s stock valued at $2,503,000 after purchasing an additional 3,876 shares during the last quarter. 89.93% of the stock is owned by institutional investors.
About ANSYS
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.