StockNews.com Begins Coverage on ANSYS (NASDAQ:ANSS)

Equities research analysts at StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

ANSS has been the subject of several other research reports. Mizuho reduced their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $323.86.

ANSYS Stock Up 0.8 %

ANSYS stock opened at $324.81 on Tuesday. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 5.14 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $336.86 and its two-hundred day moving average price is $320.86. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. On average, analysts expect that ANSYS will post 7.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

Institutional Trading of ANSYS

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock worth $3,687,244,000 after purchasing an additional 132,206 shares during the period. Bamco Inc. NY boosted its holdings in shares of ANSYS by 0.6% during the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after purchasing an additional 11,774 shares during the period. Franklin Resources Inc. boosted its holdings in shares of ANSYS by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock worth $547,483,000 after purchasing an additional 27,893 shares during the period. Wellington Management Group LLP boosted its holdings in shares of ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of ANSYS by 3.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after purchasing an additional 46,628 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.