ANSYS, Inc. (NASDAQ:ANSS) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $124.90.
Several brokerages recently issued reports on ANSS. KeyCorp reiterated a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Robert W. Baird set a $130.00 target price on ANSYS and gave the company a “buy” rating in a research note on Sunday, October 1st. Citigroup began coverage on ANSYS in a research note on Friday, September 22nd. They set a “neutral” rating and a $125.00 target price for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd.
In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock worth $2,960,730 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.
Shares of ANSYS (NASDAQ ANSS) opened at $154.22 on Tuesday. ANSYS has a twelve month low of $92.33 and a twelve month high of $156.14. The stock has a market capitalization of $13,087.18, a price-to-earnings ratio of 48.50 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $263.77 million. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. research analysts expect that ANSYS will post 3.57 EPS for the current year.
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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