Several other research firms have also weighed in on ANSS. Mizuho reduced their price objective on shares of ANSYS from $285.00 to $265.00 and set a neutral rating for the company in a research report on Tuesday, July 19th. Barclays lifted their price target on shares of ANSYS from $245.00 to $250.00 and gave the stock an underweight rating in a research report on Friday, August 5th. Robert W. Baird increased their price objective on ANSYS to $345.00 in a research report on Monday, August 15th. Credit Suisse Group raised their price objective on ANSYS to $329.00 in a research note on Tuesday, August 9th. Finally, Oppenheimer reaffirmed an initiates rating on shares of ANSYS in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $277.33.
ANSYS Price Performance
NASDAQ ANSS opened at $239.35 on Monday. The company has a 50-day moving average price of $260.98 and a two-hundred day moving average price of $268.47. ANSYS has a 52 week low of $225.92 and a 52 week high of $413.89. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 4.99 and a beta of 1.31. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.17.
Institutional Investors Weigh In On ANSYS
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bishop Rock Capital L.P. raised its holdings in shares of ANSYS by 9,241.9% during the second quarter. Bishop Rock Capital L.P. now owns 2,302,209 shares of the software maker’s stock worth $9,621,000 after acquiring an additional 2,277,565 shares in the last quarter. BlackRock Inc. raised its stake in shares of ANSYS by 13.2% during the 1st quarter. BlackRock Inc. now owns 8,661,643 shares of the software maker’s stock worth $2,751,371,000 after purchasing an additional 1,009,148 shares in the last quarter. Norges Bank acquired a new stake in shares of ANSYS during the 4th quarter valued at about $255,302,000. FMR LLC grew its stake in shares of ANSYS by 22.1% in the 2nd quarter. FMR LLC now owns 2,857,563 shares of the software maker’s stock valued at $683,787,000 after buying an additional 517,220 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in ANSYS by 175.5% in the second quarter. Assenagon Asset Management S.A. now owns 701,248 shares of the software maker’s stock worth $167,802,000 after buying an additional 446,716 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.
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