ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $105.75.
ANSS has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price target on the stock. Mitsubishi UFJ Financial Group lowered shares of ANSYS from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $114.00 in a research report on Thursday, May 4th. Wedbush reaffirmed a “neutral” rating and set a $101.00 price target (down from $114.00) on shares of ANSYS in a research report on Friday, May 5th. Finally, Barclays PLC lowered their price target on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a research report on Monday, May 15th.
In other ANSYS news, insider Walid Abu-Hadba sold 11,276 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $2.93, for a total value of $33,038.68. Following the transaction, the insider now directly owns 11,276 shares of the company’s stock, valued at approximately $33,038.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick J. Zilvitis sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total transaction of $248,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,076 shares of company stock worth $875,999. Insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ANSS. Creative Planning raised its position in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in ANSYS during the first quarter valued at approximately $128,000. Global X Management Co. LLC raised its position in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock valued at $135,000 after buying an additional 296 shares in the last quarter. Pacer Advisors Inc. raised its position in ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares in the last quarter. Finally, Huntington National Bank raised its position in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS (NASDAQ:ANSS) traded up 0.95% during mid-day trading on Tuesday, reaching $128.60. 57,194 shares of the company were exchanged. ANSYS has a 12-month low of $82.28 and a 12-month high of $129.85. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 41.58 and a beta of 1.09. The company’s 50 day moving average price is $123.63 and its 200-day moving average price is $111.02.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $253.41 million during the quarter, compared to analysts’ expectations of $241.52 million. ANSYS had a net margin of 26.82% and a return on equity of 13.81%. On average, equities research analysts forecast that ANSYS will post $3.78 earnings per share for the current fiscal year.
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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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