ANSYS (NASDAQ:ANSS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a research note published on Tuesday. The firm issued a hold rating on the software maker’s stock.

ANSS has been the subject of a number of other research reports. Wolfe Research restated a peer perform rating on shares of ANSYS in a research report on Wednesday, January 17th. Rosenblatt Securities restated a neutral rating and issued a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Mizuho reduced their price target on ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a research report on Wednesday, January 17th. Finally, Barclays upped their price target on ANSYS from $314.00 to $340.00 and gave the stock an underweight rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $320.00.

ANSYS Stock Down 0.5 %

ANSYS stock opened at $327.04 on Tuesday. The stock has a market cap of $28.55 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 5.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS has a one year low of $258.01 and a one year high of $364.31. The stock has a fifty day moving average of $336.72 and a 200 day moving average of $321.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The company had revenue of $805.10 million during the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. ANSYS’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 earnings per share. As a group, sell-side analysts predict that ANSYS will post 7.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ANSYS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in ANSYS during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its stake in ANSYS by 135.7% during the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Quest Partners LLC bought a new position in ANSYS during the fourth quarter valued at approximately $29,000. DSM Capital Partners LLC bought a new position in ANSYS during the fourth quarter valued at approximately $34,000. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS during the fourth quarter valued at approximately $40,000. 92.39% of the stock is owned by institutional investors.

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.