ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “hold” rating reiterated by research analysts at Evercore ISI in a research note issued to investors on Thursday, November 2nd. They presently have a $113.00 target price on the software maker’s stock. Evercore ISI’s target price indicates a potential downside of 24.38% from the company’s current price.
Several other research firms have also issued reports on ANSS. KeyCorp reaffirmed a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Berenberg Bank initiated coverage on shares of ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price objective on the stock. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, Citigroup Inc. began coverage on shares of ANSYS in a report on Friday, September 22nd. They issued 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 assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.91.
Shares of ANSYS (NASDAQ ANSS) traded down $1.44 during trading hours on Thursday, hitting $149.43. The company’s stock had a trading volume of 552,300 shares, compared to its average volume of 552,171. ANSYS has a fifty-two week low of $90.57 and a fifty-two week high of $155.14. The stock has a market capitalization of $12,802.90, a price-to-earnings ratio of 43.11 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities research analysts predict that ANSYS will post 3.57 earnings per share for the current year.
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In other ANSYS news, VP Shane Emswiler sold 12,504 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its holdings in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after acquiring an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of ANSYS in the 2nd quarter valued at approximately $138,000. Dupont Capital Management Corp purchased a new stake in shares of ANSYS in the 2nd quarter valued at approximately $149,000. Finally, Fiduciary Trust Co. purchased a new stake in shares of ANSYS in the 2nd quarter valued at approximately $170,000. Institutional investors own 97.60% 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.
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