Rosenblatt Securities Boosts ANSYS (NASDAQ:ANSS) Price Target to $340.00

ANSYS (NASDAQ:ANSS) had its target price lifted by Rosenblatt Securities from $335.00 to $340.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 1.73% from the stock’s current price.

Several other research firms have also weighed in on ANSS. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

ANSYS Stock Down 1.8 %

Shares of ANSYS stock opened at $334.21 on Friday. The stock’s fifty day moving average is $342.69 and its 200-day moving average is $332.74. The firm has a market capitalization of $29.29 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 3.55 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS has a 12-month low of $289.82 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities analysts anticipate that ANSYS will post 8.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock valued at $3,590,462,000 after purchasing an additional 78,730 shares in the last quarter. State Street Corp grew its stake in ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after purchasing an additional 106,187 shares in the last quarter. Geode Capital Management LLC grew its stake in ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock valued at $796,033,000 after purchasing an additional 58,190 shares in the last quarter. FIL Ltd grew its stake in ANSYS by 32.5% in the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock valued at $703,730,000 after purchasing an additional 511,557 shares in the last quarter. Finally, Capital Research Global Investors bought a new stake in shares of ANSYS during the 4th quarter worth about $695,129,000. Hedge funds and other institutional investors 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.