ANSYS (NASDAQ:ANSS) Given New $315.00 Price Target at Royal Bank of Canada

ANSYS (NASDAQ:ANSS – Get Rating) had its price target decreased by analysts at Royal Bank of Canada from $350.00 to $315.00 in a report released on Friday, The Fly reports. Royal Bank of Canada’s price objective points to a potential upside of 15.52% from the company’s current price.

Other analysts have also issued research reports about the company. Credit Suisse Group decreased 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. Daiwa Capital Markets initiated coverage on ANSYS in a report on Friday, March 25th. They set a “sell” rating and a $253.00 price target on the stock. Mizuho decreased their price target on ANSYS from $310.00 to $285.00 in a report on Friday. Rosenblatt Securities decreased their price target on ANSYS from $400.00 to $360.00 and set a “neutral” rating on the stock in a report on Friday, February 25th. Finally, Barclays reduced their target price on ANSYS from $305.00 to $260.00 in a research note on Friday, February 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $320.00.

NASDAQ ANSS opened at $272.67 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $23.73 billion, a P/E ratio of 53.05, a P/E/G ratio of 3.54 and a beta of 1.28. ANSYS has a one year low of $258.00 and a one year high of $413.89. The stock has a 50 day moving average price of $301.08 and a 200-day moving average price of $345.05.

ANSYS (NASDAQ:ANSS – Get Rating) last posted its earnings results on Wednesday, May 4th. The software maker reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.20. The firm had revenue of $428.64 million during the quarter, compared to the consensus estimate of $409.26 million. ANSYS had a return on equity of 11.87% and a net margin of 23.84%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, equities analysts predict that ANSYS will post 6.29 EPS for the current fiscal year.

In related news, SVP Shane Emswiler sold 3,471 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $311.84, for a total transaction of $1,082,396.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC raised its stake in shares of ANSYS by 10.0% in the third quarter. Penserra Capital Management LLC now owns 309 shares of the software maker’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of ANSYS by 1.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,180 shares of the software maker’s stock worth $742,000 after purchasing an additional 29 shares during the last quarter. Red Spruce Capital LLC raised its stake in shares of ANSYS by 1.8% in the fourth quarter. Red Spruce Capital LLC now owns 1,784 shares of the software maker’s stock worth $716,000 after purchasing an additional 31 shares during the last quarter. Glassman Wealth Services raised its stake in shares of ANSYS by 20.5% in the fourth quarter. Glassman Wealth Services now owns 194 shares of the software maker’s stock worth $78,000 after purchasing an additional 33 shares during the last quarter. Finally, OPSEU Pension Plan Trust Fund raised its stake in shares of ANSYS by 1.4% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 2,496 shares of the software maker’s stock worth $978,000 after purchasing an additional 34 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.

About ANSYS (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.

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