ANSYS (NASDAQ:ANSS) Getting Somewhat Positive News Coverage, Accern Reports

News coverage about ANSYS (NASDAQ:ANSS) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ANSYS earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 46.4055846486583 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of ANSYS stock opened at $166.41 on Thursday. ANSYS has a 1 year low of $104.55 and a 1 year high of $171.92. The company has a market cap of $13,879.87, a P/E ratio of 46.62 and a beta of 1.04.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The business had revenue of $302.34 million for the quarter, compared to the consensus estimate of $290.66 million. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. equities research analysts expect that ANSYS will post 4.41 EPS for the current year.

ANSYS declared that its Board of Directors has initiated a share buyback program on Wednesday, February 21st that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of equities analysts recently commented on ANSS shares. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub lowered shares of ANSYS from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, January 30th. Wedbush reissued a “neutral” rating and issued a $136.00 target price (down from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and an average price target of $132.00.

In other news, VP Richard S. Mahoney sold 2,039 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $162.01, for a total value of $330,338.39. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Richard S. Mahoney sold 8,527 shares of ANSYS stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock worth $8,852,518 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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