ANSYS (NASDAQ:ANSS) Earns Hold Rating from Analysts at StockNews.com

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

ANSS has been the topic of a number of other reports. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a neutral rating on the stock in a research report on Tuesday, August 6th. KeyCorp assumed coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a sector weight rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ANSYS presently has an average rating of Hold and a consensus target price of $318.33.

ANSYS Price Performance

NASDAQ ANSS opened at $318.05 on Friday. The company has a market capitalization of $27.77 billion, a PE ratio of 63.87, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The business’s fifty day moving average is $316.56 and its 200 day moving average is $325.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million for the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Sell-side analysts predict that ANSYS will post 7.32 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC purchased a new position in shares of ANSYS in the fourth quarter valued at $29,000. DT Investment Partners LLC boosted its stake in ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC purchased a new position in ANSYS during the second quarter worth $32,000. DSM Capital Partners LLC purchased a new position in ANSYS during the fourth quarter worth $34,000. Finally, Rothschild Investment LLC purchased a new position in ANSYS during the second quarter worth $38,000. 92.39% of the stock is owned by hedge funds and other 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.