ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “outperform” rating reissued by equities research analysts at Robert W. Baird in a research note issued to investors on Friday, The Fly reports. They presently have a $155.00 target price on the software maker’s stock, up from their previous target price of $130.00. Robert W. Baird’s price objective would indicate a potential upside of 4.25% from the company’s previous close.

Several other equities analysts have also recently weighed in on ANSS. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective for the company. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Berenberg Bank initiated coverage on ANSYS in a research report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price objective for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $118.00 price objective on shares of ANSYS in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $121.18.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.80% and a net margin of 26.01%. The business had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.

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A number of institutional investors have recently bought and sold shares of ANSS. WINTON GROUP Ltd acquired a new position in shares of ANSYS in the 2nd quarter worth approximately $243,000. Aviva PLC raised its holdings in shares of ANSYS by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock worth $6,317,000 after buying an additional 1,440 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of ANSYS by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock worth $40,284,000 after buying an additional 32,962 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of ANSYS by 1.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock worth $50,466,000 after buying an additional 7,443 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of ANSYS by 25.0% in the 2nd quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock worth $2,126,000 after buying an additional 3,490 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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