ANSYS (NASDAQ:ANSS) Now Covered by StockNews.com

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

ANSS has been the topic of several other reports. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a sector weight rating on the stock. Rosenblatt Securities restated a neutral rating and issued a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ANSYS currently has an average rating of Hold and an average price target of $320.00.

ANSYS Stock Performance

Shares of ANSS stock opened at $327.46 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31. The stock has a market capitalization of $28.59 billion, a PE ratio of 65.76, a P/E/G ratio of 7.33 and a beta of 1.11. The firm has a 50 day moving average of $325.56 and a two-hundred day moving average of $333.10.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. On average, research analysts predict that ANSYS will post 7.05 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $28,000. Raleigh Capital Management Inc. lifted its holdings in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $29,000. DSM Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $34,000. Finally, Core Wealth Advisors Inc. purchased a new stake in shares of ANSYS in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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.