ANSYS’s (ANSS) Neutral Rating Reiterated at Wedbush
ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “neutral” rating reissued by stock analysts at Wedbush in a research report issued to clients and investors on Friday. They presently have a $114.00 price target on the software maker’s stock, down from their prior price target of $136.00. Wedbush’s price target points to a potential downside of 23.54% from the company’s current price.
A number of other research firms have also issued reports on ANSS. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a research note on Monday, July 17th. They issued a “neutral” rating and a $112.00 price target on the stock. KeyCorp restated a “hold” rating on shares of ANSYS in a research report on Friday, September 29th. Robert W. Baird set a $130.00 price objective on ANSYS and gave the stock a “buy” rating in a research report on Monday, August 28th. 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, Evercore ISI restated a “hold” rating and set a $113.00 price objective on shares of ANSYS in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $119.92.
Shares of ANSYS (ANSS) traded up $13.50 on Friday, reaching $149.10. The company had a trading volume of 747,257 shares, compared to its average volume of 416,449. The stock has a market cap of $12.62 billion, a P/E ratio of 42.48 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The company had revenue of $276.77 million for 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%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. research analysts anticipate that ANSYS will post 3.5 EPS for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. boosted its stake in ANSYS by 0.8% in the 2nd 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. boosted its stake in ANSYS by 7.5% in the 2nd 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. boosted its stake in ANSYS by 0.8% in the 2nd 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. boosted its stake in ANSYS by 7.5% in the 2nd 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 boosted its stake in ANSYS by 0.5% in the 2nd 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 and hedge funds 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.
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