ANSYS (NASDAQ:ANSS) Given Neutral Rating at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Friday morning, Benzinga reports. They currently have a $345.00 target price on the software maker’s stock.

Other equities research analysts also recently issued reports about the company. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a neutral rating on the stock in a report on Wednesday, January 17th. Wolfe Research reiterated a peer perform rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays boosted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a research note on Thursday, February 22nd. Finally, StockNews.com assumed coverage on shares of ANSYS in a research note on Wednesday, May 1st. They issued a hold rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $320.00.

ANSYS Trading Up 1.6 %

Shares of NASDAQ ANSS opened at $319.52 on Friday. The stock has a market capitalization of $27.89 billion, a P/E ratio of 64.16, a PEG ratio of 5.01 and a beta of 1.16. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The business’s 50 day moving average is $335.57 and its two-hundred day moving average is $322.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The firm had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. ANSYS’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. As a group, research analysts expect that ANSYS will post 7.39 EPS for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of ANSYS

A number of institutional investors have recently made changes to their positions in ANSS. Wedmont Private Capital boosted its holdings in ANSYS by 1.3% in the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after acquiring an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Ieq Capital LLC boosted its stake in ANSYS by 1.2% in the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after purchasing an additional 34 shares in the last quarter. Personal CFO Solutions LLC grew its position in ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after purchasing an additional 34 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

About ANSYS

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.