ANSYS, Inc. (NASDAQ:ANSS) had its price objective increased by Royal Bank Of Canada from $130.00 to $147.00 in a research report issued on Friday. The firm presently has a “sector perform” rating on the software maker’s stock. Royal Bank Of Canada’s target price points to a potential downside of 1.13% from the company’s current price.

ANSS has been the subject of several other reports. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and set a $155.00 price target (up from $130.00) on shares of ANSYS in a research report on Friday. Citigroup Inc. assumed coverage on shares of ANSYS in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price target for the company. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, Evercore ISI reissued a “hold” rating and set a $113.00 price target on shares of ANSYS in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $121.18.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The firm had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.80%. ANSYS’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS.

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Several hedge funds and other institutional investors have recently modified their holdings of ANSS. BlackRock Inc. grew its stake in shares of ANSYS by 5,399.5% during the 1st quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock worth $974,453,000 after purchasing an additional 8,952,318 shares during the period. Vanguard Group Inc. grew its stake in shares of ANSYS by 21.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after purchasing an additional 1,520,201 shares during the period. Aristotle Capital Management LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $91,995,000. Massachusetts Financial Services Co. MA grew its stake in shares of ANSYS by 54.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock worth $299,966,000 after purchasing an additional 987,326 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of ANSYS during the 2nd quarter worth approximately $971,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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)

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