ANSYS, Inc. (ANSS) Receives Outperform Rating from Robert W. Baird
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.
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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