ANSYS, Inc. (ANSS) Price Target Raised to $160.00
ANSYS, Inc. (NASDAQ:ANSS) had its price objective upped by investment analysts at Citigroup Inc. from $125.00 to $160.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the software maker’s stock. Citigroup Inc.’s target price suggests a potential upside of 7.31% from the company’s current price.
A number of other analysts have also issued reports on ANSS. Evercore ISI reaffirmed a “hold” rating and set a $113.00 target price on shares of ANSYS in a research report on Thursday. Robert W. Baird reissued an “outperform” rating and issued a $155.00 price objective (up from $130.00) on shares of ANSYS in a report on Friday. Royal Bank Of Canada boosted their price objective on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a report on Friday. Wedbush reissued a “neutral” rating and issued a $114.00 price objective (down from $136.00) on shares of ANSYS in a report on Friday. Finally, KeyCorp reissued a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $122.83.
Shares of ANSYS (NASDAQ ANSS) traded up $13.50 during midday trading on Friday, hitting $149.10. The stock had a trading volume of 747,257 shares, compared to its average volume of 416,449. The firm has a market capitalization of $12,652.63, a PE ratio of 42.60 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. analysts forecast that ANSYS will post 3.7 EPS for the current year.
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Large investors have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of ANSYS during the second quarter valued at approximately $243,000. Aviva PLC grew its holdings in shares of ANSYS by 2.9% during the second quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after purchasing an additional 1,440 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ANSYS by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock valued at $40,284,000 after purchasing an additional 32,962 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of ANSYS by 1.8% during the second quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock valued at $50,466,000 after purchasing an additional 7,443 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of ANSYS by 25.0% during the second quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock valued at $2,126,000 after purchasing an additional 3,490 shares during the last quarter. 96.88% of the stock is owned by 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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