ANSYS (NASDAQ:ANSS) Issues FY22 Earnings Guidance

ANSYS (NASDAQ:ANSSGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $7.53-7.94 for the period, compared to the consensus estimate of $7.97. The company issued revenue guidance of $2.005-2.065 billion, compared to the consensus revenue estimate of $2.09 billion.ANSYS also updated its Q2 guidance to $1.46-1.64 EPS.

A number of brokerages have recently issued reports on ANSS. Royal Bank of Canada lowered their price target on ANSYS from $350.00 to $315.00 in a report on Friday. TheStreet downgraded ANSYS from a b- rating to a c rating in a report on Wednesday. Credit Suisse Group lowered their target price on ANSYS from $437.00 to $389.00 and set an outperform rating on the stock in a report on Friday, February 25th. Mizuho lowered their target price on ANSYS from $310.00 to $285.00 in a report on Friday. Finally, StockNews.com began coverage on ANSYS in a report on Thursday, March 31st. They issued a hold rating on the stock. Two equities 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $320.00.

ANSYS stock traded down $11.08 during midday trading on Friday, reaching $261.59. 681,343 shares of the stock traded hands, compared to its average volume of 448,075. The stock’s fifty day moving average is $299.83 and its 200-day moving average is $344.32. ANSYS has a 12 month low of $258.00 and a 12 month high of $413.89. The stock has a market cap of $22.77 billion, a P/E ratio of 50.89, a PEG ratio of 3.65 and a beta of 1.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.17.

ANSYS (NASDAQ:ANSSGet Rating) last announced its quarterly 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. 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 analyst estimates of $409.26 million. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that ANSYS will post 6.29 EPS for the current fiscal year.

In other news, SVP Shane Emswiler sold 5,989 shares of ANSYS stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $309.58, for a total value of $1,854,074.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its holdings in ANSYS by 5.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 303,174 shares of the software maker’s stock valued at $121,609,000 after acquiring an additional 16,013 shares during the period. Millennium Management LLC lifted its holdings in shares of ANSYS by 310.2% in the 4th quarter. Millennium Management LLC now owns 12,306 shares of the software maker’s stock worth $4,936,000 after buying an additional 9,306 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of ANSYS in the 4th quarter worth $2,854,000. Vident Investment Advisory LLC lifted its holdings in shares of ANSYS by 88.2% in the 4th quarter. Vident Investment Advisory LLC now owns 4,918 shares of the software maker’s stock worth $1,974,000 after buying an additional 2,305 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of ANSYS by 1.0% in the 4th quarter. California State Teachers Retirement System now owns 152,684 shares of the software maker’s stock worth $61,245,000 after buying an additional 1,491 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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.

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