Several brokerages have updated their recommendations and price targets on shares of ANSYS (NASDAQ: ANSS) in the last few weeks:

  • 10/3/2017 – ANSYS was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $139.00 price target on the stock. According to Zacks, “ANSYS is a dominant player in the high-end design simulation software market. Notably, the stock has outperformed the industry on a year-to-date basis. We believe that robust product portfolio, expanding total addressable market (due to rising complexity in manufacturing IoT related products), improving enterprise penetration, collaborations with leading vendors and strong balance sheet will aid the stock to sustain momentum. Further, the ongoing restructuring and investments on product development along with sales execution are positives, in our view. However, declining perpetual license revenues will hurt top-line growth at least in the near term. Moreover, weakness in Europe and adverse foreign currency exchange rates are other major concerns.”
  • 10/1/2017 – ANSYS was given a new $130.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/29/2017 – ANSYS had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/22/2017 – ANSYS is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $125.00 price target on the stock.
  • 9/19/2017 – ANSYS had its “sell” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $98.00 price target on the stock.
  • 9/15/2017 – ANSYS had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $129.19 price target on the stock, up previously from $114.00.
  • 9/15/2017 – ANSYS had its price target lowered by analysts at Barclays PLC from $115.00 to $113.00. They now have an “underweight” rating on the stock.
  • 9/13/2017 – ANSYS had its “hold” rating reaffirmed by analysts at Evercore ISI. They now have a $113.00 price target on the stock.
  • 9/11/2017 – ANSYS had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $118.00 price target on the stock.
  • 8/28/2017 – ANSYS was given a new $130.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/23/2017 – ANSYS is now covered by analysts at Berenberg Bank. They set a “hold” rating and a $123.00 price target on the stock.
  • 8/7/2017 – ANSYS was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ANSYS reported better-than-expected second-quarter 2017 results which also marked year-over-year improvement. An upbeat 2017 outlook was also encouraging. ANSYS is a dominant player in the high-end design simulation software market. Notably, ANSYS has outperformed the industry in the last one year. We believe that robust product portfolio, expanding total addressable market (due to rising complexity in manufacturing IoT related products), improving enterprise penetration, collaborations with leading vendors and strong balance sheet will aid the stock to sustain momentum. Further, the ongoing restructuring and investments on product development along with sales execution are positives, in our view. However, declining perpetual license revenues will hurt top-line growth at least in the near term. Moreover, weakness in Europe and adverse foreign currency exchange rates are other major concerns.”
  • 8/4/2017 – ANSYS was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of ANSYS, Inc. (NASDAQ:ANSS) traded up 0.70% during midday trading on Tuesday, hitting $124.65. 340,582 shares of the company’s stock traded hands. ANSYS, Inc. has a 52 week low of $82.28 and a 52 week high of $132.74. The stock has a market cap of $10.57 billion, a P/E ratio of 40.05 and a beta of 1.05. The company has a 50 day moving average of $125.96 and a 200 day moving average of $120.50.

ANSYS (NASDAQ:ANSS) last released 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 the consensus estimate 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 firm posted $0.93 earnings per share. On average, equities analysts forecast that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.

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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