ANSYS, Inc. (ANSS) Receives Consensus Rating of “Hold” from Brokerages

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.

Several hedge funds have recently modified their holdings of ANSS. Vanguard Group Inc. lifted its position in shares of ANSYS by 21.8% during the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after purchasing an additional 1,520,201 shares during the last quarter. Koch Industries Inc. bought a new position in shares of ANSYS during the second quarter worth about $971,000. State Street Corp lifted its position in shares of ANSYS by 20.9% during the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after purchasing an additional 607,765 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of ANSYS by 27.2% during the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after purchasing an additional 224,640 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of ANSYS by 19.9% during the second quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after purchasing an additional 165,174 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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