ANSYS, Inc. (ANSS) Given “Outperform” Rating at Robert W. Baird

ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “outperform” rating restated by equities researchers at Robert W. Baird in a report released on Friday, November 3rd. They presently have a $155.00 target price on the software maker’s stock, up from their previous target price of $130.00. Robert W. Baird’s price target suggests a potential upside of 3.00% from the stock’s current price.

Several other equities research analysts have also weighed in on ANSS. Royal Bank Of Canada restated a “hold” rating and set a $118.00 price target on shares of ANSYS in a research report on Monday, September 11th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Wedbush restated a “neutral” rating and set a $129.19 price target (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Finally, Citigroup Inc. started coverage on ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. ANSYS currently has a consensus rating of “Hold” and a consensus target price of $128.91.

Shares of ANSYS (NASDAQ ANSS) traded down $2.92 during mid-day trading on Friday, hitting $150.48. The stock had a trading volume of 746,588 shares, compared to its average volume of 550,534. The company has a market cap of $12,831.75, a price-to-earnings ratio of 43.20 and a beta of 1.05. ANSYS has a 12-month low of $91.89 and a 12-month high of $155.14.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. The firm had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. equities analysts anticipate that ANSYS will post 3.57 earnings per share for the current fiscal year.

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In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction on Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total value of $1,900,107.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Creative Planning raised its stake in shares of ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new position in shares of ANSYS in the second quarter worth $138,000. Dupont Capital Management Corp purchased a new position in shares of ANSYS in the second quarter worth $149,000. Finally, Fiduciary Trust Co. purchased a new position in shares of ANSYS in the second quarter worth $170,000. Hedge funds and other institutional investors own 96.00% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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