ANSYS (NASDAQ:ANSS) Raised to Buy at StockNews.com

ANSYS (NASDAQ:ANSS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Rosenblatt Securities raised their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

ANSYS Trading Up 0.4 %

ANSS stock opened at $302.74 on Friday. ANSYS has a 12 month low of $275.06 and a 12 month high of $363.03. The firm’s 50-day moving average is $319.11 and its 200 day moving average is $332.19. The company has a market capitalization of $26.54 billion, a PE ratio of 46.22, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. On average, research analysts anticipate that ANSYS will post 8.32 EPS for the current year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of ANSYS by 10.2% in the third quarter. Wellington Management Group LLP now owns 2,918 shares of the software maker’s stock worth $930,000 after acquiring an additional 269 shares during the last quarter. M&T Bank Corp boosted its stake in ANSYS by 1.0% during the 3rd quarter. M&T Bank Corp now owns 30,118 shares of the software maker’s stock worth $9,597,000 after purchasing an additional 312 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of ANSYS during the third quarter worth $174,000. Destination Wealth Management raised its position in shares of ANSYS by 1.7% in the third quarter. Destination Wealth Management now owns 69,296 shares of the software maker’s stock valued at $22,080,000 after buying an additional 1,147 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of ANSYS by 5.0% in the third quarter. Tidal Investments LLC now owns 10,841 shares of the software maker’s stock valued at $3,454,000 after buying an additional 520 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

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.