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Stock analysts at Barclays initiated coverage on shares of Ansys (NASDAQ:ANSS) in a report issued on Thursday. The firm set an “equal weight” rating and a $90.00 price target on the stock. Barclays’ target price would suggest a potential upside of 10.28% from the company’s current price.

In other Ansys news, VP Robert Andrew Kocis purchased 1,200 shares of Ansys stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $82.61 per share, with a total value of $99,132.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ansys (NASDAQ:ANSS) opened at 81.60 on Thursday. Ansys has a 52-week low of $71.50 and a 52-week high of $89.42. The stock has a 50-day moving average of $78.89 and a 200-day moving average of $77.07. The company has a market cap of $7.508 billion and a price-to-earnings ratio of 30.11. Ansys also was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,069,003 shares, a growth of 31.7% from the July 31st total of 811,534 shares. Based on an average daily volume of 488,522 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.2% of the shares of the company are sold short.

Ansys (NASDAQ:ANSS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.06. The company had revenue of $232.40 million for the quarter, compared to the consensus estimate of $238.72 million. During the same quarter last year, the company posted $0.77 earnings per share. Ansys’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Ansys will post $3.35 EPS for the current fiscal year.

ANSYS, Inc (NASDAQ:ANSS) develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense.

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