ANSYS (NASDAQ:ANSS) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

ANSYS (NASDAQ:ANSSGet Rating) posted its quarterly earnings results on Wednesday. The software maker reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.20, MarketWatch Earnings reports. ANSYS had a net margin of 23.84% and a return on equity of 11.87%. The company had revenue of $428.64 million during the quarter, compared to analyst estimates of $409.26 million. During the same period last year, the firm posted $0.81 EPS. ANSYS’s revenue for the quarter was up 15.2% compared to the same quarter last year. ANSYS updated its Q2 guidance to $1.46-1.64 EPS and its FY22 guidance to $7.53-7.94 EPS.

Shares of ANSYS stock opened at $288.71 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $302.12 and a two-hundred day moving average of $345.66. ANSYS has a 12-month low of $258.00 and a 12-month high of $413.89. The stock has a market cap of $25.13 billion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 3.54 and a beta of 1.28.

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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ANSS. KB Financial Partners LLC acquired a new position in shares of ANSYS during the 4th quarter valued at $64,000. Penserra Capital Management LLC increased its stake in ANSYS by 24.9% during the 4th quarter. Penserra Capital Management LLC now owns 386 shares of the software maker’s stock worth $154,000 after buying an additional 77 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in ANSYS during the 4th quarter worth $203,000. HB Wealth Management LLC bought a new stake in shares of ANSYS in the 4th quarter worth about $204,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of ANSYS in the 4th quarter worth about $229,000. Institutional investors own 89.93% of the company’s stock.

ANSS has been the topic of a number of analyst reports. Robert W. Baird cut shares of ANSYS from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $419.00 to $405.00 in a research note on Thursday, January 6th. They noted that the move was a valuation call. StockNews.com began coverage on shares of ANSYS in a research note on Thursday, March 31st. They set a “hold” rating on the stock. 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 research note on Friday, February 25th. Royal Bank of Canada reduced their price target on ANSYS from $425.00 to $350.00 and set a “sector perform” rating on the stock in a report on Friday, February 25th. Finally, Credit Suisse Group reduced their price target on ANSYS from $437.00 to $389.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $325.00.

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

Earnings History for ANSYS (NASDAQ:ANSS)

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