ANSYS, Inc. (ANSS) Rating Reiterated by Evercore ISI
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.
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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.
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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