ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research note issued on Friday.

Several other research firms have also issued reports on ANSS. Citigroup Inc increased their price objective on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday. Wedbush reiterated a “neutral” rating and set a $114.00 price objective (down from $136.00) on shares of ANSYS in a research note on Friday. Royal Bank Of Canada increased their price objective on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday. Robert W. Baird reiterated an “outperform” rating and set a $155.00 price objective (up from $130.00) on shares of ANSYS in a research note on Friday. Finally, Evercore ISI reiterated a “hold” rating and set a $113.00 price objective on shares of ANSYS in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. ANSYS has a consensus rating of “Hold” and an average target price of $122.83.

Shares of ANSYS (NASDAQ ANSS) traded up $13.50 during mid-day trading on Friday, reaching $149.10. The company’s stock had a trading volume of 747,257 shares, compared to its average volume of 416,449. The firm has a market cap of $12.62 billion, a PE ratio of 42.48 and a beta of 1.05.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. ANSYS’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. analysts forecast that ANSYS will post 3.5 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. 1st Global Advisors Inc. increased its stake in shares of ANSYS by 0.8% in the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after buying an additional 18 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of ANSYS by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after buying an additional 77 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of ANSYS by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock valued at $201,000 after buying an additional 116 shares in the last quarter. Finally, Progressive Investment Management Corp increased its stake in shares of ANSYS by 0.5% in the second quarter. Progressive Investment Management Corp now owns 27,269 shares of the software maker’s stock valued at $3,318,000 after buying an additional 126 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

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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