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

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

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Robert W. Baird set a $396.00 target price on shares of ANSYS in a report on Monday.

ANSYS Stock Up 1.8%

ANSS stock opened at $392.72 on Monday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. ANSYS has a twelve month low of $275.06 and a twelve month high of $395.49. The company’s 50 day moving average is $346.43 and its two-hundred day moving average is $334.13. The stock has a market cap of $34.53 billion, a P/E ratio of 58.27, a PEG ratio of 3.97 and a beta of 1.19.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, April 30th. The software maker reported $1.64 earnings per share 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 company had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period in the previous year, the business posted $1.39 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts expect that ANSYS will post 8.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ANSYS

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in ANSYS by 1.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,245 shares of the software maker’s stock valued at $10,271,000 after buying an additional 439 shares during the last quarter. Norden Group LLC boosted its position in shares of ANSYS by 34.0% during the 2nd quarter. Norden Group LLC now owns 1,246 shares of the software maker’s stock worth $438,000 after purchasing an additional 316 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of ANSYS during the 2nd quarter worth $96,000. GAMMA Investing LLC boosted its position in shares of ANSYS by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,209 shares of the software maker’s stock worth $1,127,000 after purchasing an additional 911 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of ANSYS by 1.0% during the 2nd quarter. Park Avenue Securities LLC now owns 5,193 shares of the software maker’s stock worth $1,824,000 after purchasing an additional 53 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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.