ANSYS, Inc. (ANSS) Given New $147.00 Price Target at Royal Bank Of Canada
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.
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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