ANSYS, Inc. (NASDAQ:ANSS) Given Average Recommendation of “Reduce” by Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned an average recommendation of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $320.00.

A number of brokerages recently weighed in on ANSS. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays lifted their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday. They issued a “hold” rating for the company. Mizuho cut their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Friday.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of ANSYS

Institutional investors and hedge funds have recently modified their holdings of the company. CVA Family Office LLC acquired a new position in ANSYS during the 4th quarter worth $28,000. Quest Partners LLC acquired a new position in shares of ANSYS during the 4th quarter worth about $29,000. DSM Capital Partners LLC bought a new stake in ANSYS during the 4th quarter valued at approximately $34,000. Raleigh Capital Management Inc. grew its holdings in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS in the 4th quarter worth approximately $40,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

ANSYS Stock Up 1.6 %

NASDAQ ANSS opened at $319.52 on Friday. The company has a market capitalization of $27.89 billion, a P/E ratio of 64.16, a PEG ratio of 5.04 and a beta of 1.16. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The company’s 50 day simple moving average is $336.00 and its 200 day simple moving average is $322.00.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.61%. ANSYS’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Equities research analysts expect that ANSYS will post 7.39 earnings per share for the current fiscal year.

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.