ANSYS (NASDAQ:ANSS) Shares Gap Down After Earnings Miss

ANSYS, Inc. (NASDAQ:ANSS)’s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $321.88, but opened at $307.72. ANSYS shares last traded at $317.70, with a volume of 124,634 shares trading hands.

The software maker reported $1.64 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period in the prior year, the business earned $1.39 EPS. ANSYS’s quarterly revenue was up 8.2% compared to the same quarter last year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. Rosenblatt Securities lifted their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ANSS. Stock Yards Bank & Trust Co. increased its holdings in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares during the last quarter. Greenleaf Trust grew its position in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after acquiring an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its position in ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after purchasing an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in ANSYS by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after purchasing an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its holdings in shares of ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after purchasing an additional 36 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Price Performance

The stock has a market capitalization of $28.82 billion, a P/E ratio of 50.19, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a 50-day moving average price of $314.90 and a 200 day moving average price of $331.57.

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.