ANSYS, Inc. (ANSS) Upgraded by BidaskClub to “Strong-Buy”
ANSYS, Inc. (NASDAQ:ANSS) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.
ANSS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Evercore ISI set a $113.00 target price on shares of ANSYS and gave the stock a “hold” rating in a research report on Saturday, June 10th. Wedbush cut their target price on shares of ANSYS from $114.00 to $101.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Barclays PLC reiterated an “underweight” rating and set a $115.00 target price (up previously from $96.00) on shares of ANSYS in a research report on Friday, May 5th. Finally, UBS AG lowered shares of ANSYS from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $105.75.
ANSYS (NASDAQ ANSS) traded up 0.75% during mid-day trading on Friday, reaching $124.32. 515,010 shares of the company’s stock were exchanged. The company has a 50-day moving average of $123.95 and a 200-day moving average of $112.54. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 39.97 and a beta of 1.10. ANSYS has a 52-week low of $82.28 and a 52-week high of $131.63.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. Equities research analysts anticipate that ANSYS will post $3.83 earnings per share for the current year.
In other news, Director Patrick J. Zilvitis sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $124.00, for a total value of $248,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total transaction of $594,960.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. 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 worth $106,000 after buying an additional 356 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of ANSYS during the first quarter valued at about $128,000. Global X Management Co. LLC raised its stake in shares of 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 during the last quarter. Dupont Capital Management Corp bought a new stake in shares of ANSYS during the second quarter valued at about $149,000. Finally, Pacer Advisors Inc. raised its stake in shares of 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 during the last quarter. Institutional investors own 98.36% of the company’s stock.
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.
Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.