ANSYS’s (ANSS) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird restated their neutral rating on shares of ANSYS (NASDAQ:ANSS) in a research report released on Monday, MarketBeat reports. They currently have a $396.00 target price on the software maker’s stock, up from their previous target price of $349.00.

Separately, Wall Street Zen downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

ANSYS Stock Performance

Shares of ANSS stock opened at $374.30 on Monday. The company’s fifty day moving average price is $347.39 and its two-hundred day moving average price is $334.41. The firm has a market capitalization of $32.91 billion, a P/E ratio of 55.53, a P/E/G ratio of 4.04 and a beta of 1.19. ANSYS has a 12 month low of $275.06 and a 12 month high of $395.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.66 and a quick ratio of 3.66.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). The company had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. ANSYS’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. On average, research analysts anticipate that ANSYS will post 8.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Investments Inc. grew its holdings in shares of ANSYS by 68.1% during the 1st quarter. Harbour Investments Inc. now owns 79 shares of the software maker’s stock valued at $25,000 after acquiring an additional 32 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after purchasing an additional 35 shares in the last quarter. Townsquare Capital LLC boosted its holdings in ANSYS by 0.8% in the first quarter. Townsquare Capital LLC now owns 4,693 shares of the software maker’s stock worth $1,486,000 after purchasing an additional 36 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in ANSYS by 2.8% in the first quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker’s stock worth $446,000 after purchasing an additional 38 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in ANSYS by 1.8% in the second quarter. NorthCrest Asset Manangement LLC now owns 2,159 shares of the software maker’s stock worth $793,000 after purchasing an additional 38 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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.