ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Recommendation of “Hold” by Analysts

ANSYS, Inc. (NASDAQ:ANSSGet Rating) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm, reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $320.00.

A number of research analysts have commented on the stock. Rosenblatt Securities cut their target price on shares of ANSYS from $400.00 to $360.00 and set a “neutral” rating on the stock in a research report on Friday, February 25th. Royal Bank of Canada reduced their price target on ANSYS from $350.00 to $315.00 in a research report on Friday. TheStreet cut shares of ANSYS from a “b-” rating to a “c” rating in a research note on Wednesday, May 4th. Barclays cut their price target on shares of ANSYS from $305.00 to $260.00 in a research note on Friday, February 25th. Finally, Citigroup lowered their price target on shares of ANSYS from $335.00 to $308.00 in a report on Monday, April 25th.

Shares of NASDAQ:ANSS opened at $249.17 on Tuesday. The business’s 50 day moving average is $298.45 and its 200 day moving average is $343.14. The stock has a market cap of $21.68 billion, a P/E ratio of 48.48, a price-to-earnings-growth ratio of 3.31 and a beta of 1.28. ANSYS has a 52-week low of $248.01 and a 52-week high of $413.89. The company has a quick ratio of 2.10, a current ratio of 2.28 and a debt-to-equity ratio of 0.17.

ANSYS (NASDAQ:ANSSGet Rating) last issued its earnings results on Wednesday, May 4th. The software maker reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.20. The business had revenue of $428.64 million during the quarter, compared to analysts’ expectations of $409.26 million. ANSYS had a return on equity of 12.14% and a net margin of 23.02%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. On average, sell-side analysts anticipate that ANSYS will post 6.29 EPS for the current fiscal year.

In other news, SVP Shane Emswiler sold 5,989 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of ANSYS by 2.8% in the fourth quarter. BlackRock Inc. now owns 7,652,495 shares of the software maker’s stock valued at $3,069,567,000 after purchasing an additional 209,554 shares during the period. State Street Corp boosted its stake in ANSYS by 2.6% during the fourth quarter. State Street Corp now owns 3,515,046 shares of the software maker’s stock worth $1,409,955,000 after buying an additional 89,226 shares during the period. Geode Capital Management LLC increased its position in shares of ANSYS by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 1,634,220 shares of the software maker’s stock valued at $653,901,000 after acquiring an additional 50,125 shares during the last quarter. Pictet Asset Management SA raised its stake in shares of ANSYS by 12.6% in the 4th quarter. Pictet Asset Management SA now owns 1,186,858 shares of the software maker’s stock valued at $476,072,000 after acquiring an additional 133,169 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of ANSYS by 15.2% during the 4th quarter. Nordea Investment Management AB now owns 1,031,698 shares of the software maker’s stock worth $417,559,000 after purchasing an additional 135,821 shares during the period. Institutional investors and hedge funds own 89.93% of the company’s stock.

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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