ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “hold” rating reissued by equities researchers at Evercore ISI in a research note issued to investors on Wednesday. They currently have a $113.00 target price on the software maker’s stock. Evercore ISI’s target price suggests a potential downside of 14.07% from the company’s current price.

ANSS has been the subject of several other reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a report on Monday, July 17th. They issued a “neutral” rating and a $112.00 price objective for the company. Berenberg Bank initiated coverage on shares of ANSYS in a report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 price objective for the company. Zacks Investment Research downgraded shares of ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Friday, August 4th. Finally, Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $110.70.

ANSYS (NASDAQ ANSS) traded down 0.8136% during midday trading on Wednesday, hitting $130.4400. 178,170 shares of the stock were exchanged. The firm has a market capitalization of $11.06 billion, a P/E ratio of 41.9152 and a beta of 1.07. ANSYS has a 1-year low of $82.28 and a 1-year high of $132.07. The firm’s 50-day moving average price is $127.12 and its 200 day moving average price is $118.80.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Analysts expect that ANSYS will post $3.86 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/09/14/ansys-inc-anss-rating-reiterated-by-evercore-isi.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. purchased a new stake in ANSYS in the 2nd quarter worth approximately $229,000. Sentry Investment Management LLC purchased a new stake in ANSYS in the 2nd quarter worth approximately $788,000. Toronto Dominion Bank lifted its stake in ANSYS by 326.9% in the 2nd quarter. Toronto Dominion Bank now owns 36,052 shares of the software maker’s stock worth $4,388,000 after purchasing an additional 27,606 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its stake in ANSYS by 8.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 2,700 shares of the software maker’s stock worth $329,000 after purchasing an additional 210 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in ANSYS by 25.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,107 shares of the software maker’s stock worth $256,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

About ANSYS

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)

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.