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

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

A number of other research firms have also commented on ANSS. KeyCorp started coverage on ANSYS in a report on Thursday, June 27th. They issued a sector weight rating for the company. Rosenblatt Securities reaffirmed a neutral rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $320.00.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $304.45 on Friday. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a fifty day simple moving average of $322.86 and a two-hundred day simple moving average of $330.25. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of $26.58 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11.

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

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ANSYS

A number of large investors have recently added to or reduced their stakes in ANSS. Norges Bank purchased a new stake in ANSYS during the fourth quarter valued at about $282,329,000. Swedbank AB purchased a new stake in ANSYS during the first quarter valued at about $128,089,000. M&G Plc purchased a new stake in ANSYS during the first quarter valued at about $115,922,000. Point72 Asset Management L.P. raised its position in ANSYS by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after purchasing an additional 220,200 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in ANSYS during the first quarter valued at about $72,797,000. 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.