ANSYS Target of Unusually Large Options Trading (ANSS)
ANSYS, Inc. (NASDAQ:ANSS) was the target of some unusual options trading on Friday. Investors bought 736 call options on the stock. This represents an increase of Infinity compared to the average volume of 0 call options.
ANSYS (ANSS) opened at $149.10 on Monday. The company has a market cap of $12,652.63, a PE ratio of 42.60 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm 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 firm earned $0.95 earnings per share. The company’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts expect that ANSYS will post 3.7 EPS for the current fiscal year.
Several brokerages recently commented on ANSS. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reiterated an “outperform” rating and issued a $155.00 target price (up from $130.00) on shares of ANSYS in a report on Friday. Royal Bank Of Canada upped their target price on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a report on Friday. Citigroup Inc. began coverage on ANSYS in a report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 target price on the stock. Finally, Wedbush reiterated a “neutral” rating and issued a $114.00 target price (down from $136.00) on shares of ANSYS in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.18.
Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of ANSYS by 52.3% during the third quarter. BNP Paribas Arbitrage SA now owns 52,775 shares of the software maker’s stock worth $6,477,000 after purchasing an additional 18,115 shares during the period. FDx Advisors Inc. raised its position in shares of ANSYS by 23.1% during the third quarter. FDx Advisors Inc. now owns 20,699 shares of the software maker’s stock worth $2,540,000 after purchasing an additional 3,879 shares during the period. Global X MANAGEMENT CO LLC raised its position in shares of ANSYS by 45.4% during the third quarter. Global X MANAGEMENT CO LLC now owns 3,069 shares of the software maker’s stock worth $377,000 after purchasing an additional 958 shares during the period. Bessemer Group Inc. raised its position in shares of ANSYS by 0.6% during the third quarter. Bessemer Group Inc. now owns 1,013,715 shares of the software maker’s stock worth $124,412,000 after purchasing an additional 5,578 shares during the period. Finally, Swiss National Bank raised its position in shares of ANSYS by 1.1% during the third quarter. Swiss National Bank now owns 459,800 shares of the software maker’s stock worth $56,431,000 after purchasing an additional 4,800 shares during the period. 96.88% of the stock is currently owned by institutional investors.
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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