ANSYS (NASDAQ:ANSS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a report issued on Tuesday morning. The brokerage issued a hold rating on the software maker’s stock.

A number of other brokerages also recently weighed in on ANSS. Wolfe Research reiterated a peer perform rating on shares of ANSYS in a report on Wednesday, January 17th. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the stock an underweight rating in a report on Thursday, February 22nd. Rosenblatt Securities reissued a neutral rating and issued a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Finally, Mizuho reduced their price objective on shares of ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a research report on Wednesday, January 17th. Two research 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’s stock. According to data from MarketBeat.com, ANSYS presently has an average rating of Hold and a consensus target price of $323.86.

ANSYS Stock Performance

Shares of ANSS stock opened at $325.97 on Tuesday. The stock has a market capitalization of $28.46 billion, a PE ratio of 56.89, a PEG ratio of 5.14 and a beta of 1.16. The business’s 50 day simple moving average is $336.83 and its 200 day simple moving average is $321.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. ANSYS has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same period in the prior year, the firm posted $2.61 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that ANSYS will post 7.26 earnings per share for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on Monday, April 8th. The shares were 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 in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ANSYS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC bought a new stake in ANSYS during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its holdings in ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares in the last quarter. Quest Partners LLC purchased a new stake in ANSYS in the 4th quarter valued at $29,000. DSM Capital Partners LLC bought a new position in ANSYS during the 4th quarter valued at $34,000. Finally, Core Wealth Advisors Inc. purchased a new position in ANSYS during the 4th quarter worth $40,000. 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.