ANSYS (ANSS) Hits New 52-Week High at $190.50

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ANSYS, Inc. (NASDAQ:ANSS) shares reached a new 52-week high on Monday . The company traded as high as $190.50 and last traded at $189.42, with a volume of 4152 shares trading hands. The stock had previously closed at $189.55.

ANSS has been the topic of a number of analyst reports. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Stifel Nicolaus set a $185.00 target price on shares of ANSYS and gave the company a “hold” rating in a research note on Thursday, February 28th. BidaskClub upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Wedbush lifted their target price on shares of ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, KeyCorp initiated coverage on shares of ANSYS in a research note on Wednesday, April 10th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $182.31.

The company has a market capitalization of $15.93 billion, a P/E ratio of 36.35 and a beta of 1.35.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 27th. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.33 by $0.57. The business had revenue of $340.07 million for the quarter, compared to analysts’ expectations of $365.03 million. ANSYS had a net margin of 32.42% and a return on equity of 17.83%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. On average, research analysts forecast that ANSYS, Inc. will post 4.99 earnings per share for the current year.

In other news, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $171.73, for a total value of $601,055.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ajei Gopal sold 883 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $186.00, for a total transaction of $164,238.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,060 shares of company stock worth $11,042,442. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC grew its holdings in ANSYS by 198.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Washington Trust Bank grew its holdings in ANSYS by 43.8% during the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in ANSYS by 77.8% during the 4th quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Resources Investment Advisors Inc. bought a new position in ANSYS during the 4th quarter valued at about $50,000. Finally, YorkBridge Wealth Partners LLC grew its holdings in ANSYS by 47.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 397 shares of the software maker’s stock valued at $57,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

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ANSYS Company Profile (NASDAQ:ANSS)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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