ANSYS, Inc. (NASDAQ:ANSS) Given Average Rating of “Reduce” by Analysts

ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average rating of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $320.00.

Several research analysts recently issued reports on ANSS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com initiated coverage on ANSYS in a report on Saturday, July 20th. They set a “hold” rating on the stock.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CVA Family Office LLC bought a new stake in ANSYS in the 4th quarter valued at about $28,000. Quest Partners LLC bought a new stake in ANSYS in the 4th quarter valued at about $29,000. DT Investment Partners LLC increased its position in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. DSM Capital Partners LLC bought a new stake in ANSYS in the 4th quarter valued at about $34,000. Finally, Core Wealth Advisors Inc. bought a new stake in ANSYS in the 4th quarter valued at about $40,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 3.0 %

NASDAQ ANSS opened at $310.55 on Thursday. The business has a fifty day moving average price of $324.33 and a two-hundred day moving average price of $331.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The stock has a market capitalization of $27.11 billion, a PE ratio of 62.36, a PEG ratio of 7.10 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts expect that ANSYS will post 7.05 earnings per share for the current fiscal year.

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.