ANSYS’s (ANSS) “Neutral” Rating Reiterated at Rosenblatt Securities

ANSYS (NASDAQ:ANSS)‘s stock had its “neutral” rating reiterated by analysts at Rosenblatt Securities in a research note issued to investors on Friday, Benzinga reports. They presently have a $345.00 target price on the software maker’s stock. Rosenblatt Securities’ target price points to a potential upside of 7.97% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Barclays upped their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com initiated coverage on ANSYS in a report on Wednesday. They issued a “hold” rating for the company. Finally, Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $319.52 on Friday. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The business has a 50-day moving average of $335.57 and a 200-day moving average of $322.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. The company has a market capitalization of $27.89 billion, a price-to-earnings ratio of 64.16, a PEG ratio of 4.93 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. During the same period in the previous year, the company earned $1.45 EPS. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that ANSYS will post 7.39 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was 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 of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ANSS. Commonwealth Equity Services LLC lifted its holdings in ANSYS by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,821 shares of the software maker’s stock worth $1,732,000 after buying an additional 678 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in ANSYS by 57.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,132 shares of the software maker’s stock worth $932,000 after buying an additional 1,145 shares during the last quarter. Raymond James & Associates lifted its holdings in ANSYS by 2.3% during the 3rd quarter. Raymond James & Associates now owns 141,200 shares of the software maker’s stock worth $42,014,000 after buying an additional 3,192 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in ANSYS by 87.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,384 shares of the software maker’s stock worth $5,768,000 after buying an additional 9,030 shares during the last quarter. Finally, NorthRock Partners LLC bought a new position in ANSYS during the 3rd quarter worth approximately $223,000. Institutional investors own 92.39% of the company’s stock.

About ANSYS

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.