ANSYS, Inc. (NASDAQ:ANSS) had its price target reduced by stock analysts at Barclays PLC from $115.00 to $113.00 in a research report issued to clients and investors on Friday. The firm currently has an “underweight” rating on the software maker’s stock. Barclays PLC’s price objective points to a potential downside of 12.50% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wedbush reiterated a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research note on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research note on Monday. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Evercore ISI set a $113.00 price objective on ANSYS and gave the company a “hold” rating in a research note on Saturday, June 10th. Finally, BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has an average rating of “Hold” and a consensus target price of $115.22.

ANSYS (NASDAQ ANSS) traded down 6.14% during midday trading on Friday, hitting $121.22. The stock had a trading volume of 1,071,369 shares. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 38.95 and a beta of 1.07. ANSYS has a 52 week low of $82.28 and a 52 week high of $132.07. The firm has a 50 day moving average of $127.26 and a 200 day moving average of $118.97.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million during the quarter, compared to analyst estimates of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Equities research analysts predict that ANSYS will post $3.86 EPS for the current year.

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Hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of ANSYS by 5,399.5% during the first quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock worth $974,453,000 after buying an additional 8,952,318 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of ANSYS by 21.8% during the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after buying an additional 1,520,201 shares during the last quarter. FMR LLC grew its holdings in shares of ANSYS by 0.7% during the second quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock worth $813,354,000 after buying an additional 45,211 shares during the last quarter. State Street Corp grew its holdings in shares of ANSYS by 20.9% during the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after buying an additional 607,765 shares during the last quarter. Finally, Brown Capital Management LLC grew its holdings in shares of ANSYS by 1.9% during the first quarter. Brown Capital Management LLC now owns 3,105,179 shares of the software maker’s stock worth $331,850,000 after buying an additional 56,972 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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