Baird R W Downgrades ANSYS (NASDAQ:ANSS) to Hold

ANSYS (NASDAQ:ANSS) was downgraded by stock analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Wall Street Zen downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Robert W. Baird set a $396.00 price target on ANSYS in a research report on Monday.

ANSYS Trading Up 1.8%

ANSYS stock opened at $392.72 on Monday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS has a 52 week low of $275.06 and a 52 week high of $395.49. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 58.27, a price-to-earnings-growth ratio of 3.97 and a beta of 1.19. The stock has a 50-day moving average price of $346.43 and a 200 day moving average price of $334.13.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The firm had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate that ANSYS will post 8.32 EPS for the current year.

Hedge Funds Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in shares of ANSYS in the 4th quarter valued at $353,000. Raymond James Financial Inc. acquired a new stake in shares of ANSYS during the fourth quarter worth about $10,408,000. Independent Advisor Alliance raised its holdings in ANSYS by 16.0% in the fourth quarter. Independent Advisor Alliance now owns 993 shares of the software maker’s stock valued at $335,000 after acquiring an additional 137 shares in the last quarter. HighTower Advisors LLC raised its holdings in ANSYS by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 18,145 shares of the software maker’s stock valued at $6,121,000 after acquiring an additional 433 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in ANSYS by 14.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,716 shares of the software maker’s stock valued at $579,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.