ANSYS (ANSS) Stock Rating Lowered by BidaskClub

ANSYS (NASDAQ:ANSS) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, November 7th. Robert W. Baird set a $130.00 price objective on ANSYS and gave the stock a “buy” rating in a report on Sunday, October 1st. Evercore ISI reiterated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a report on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $128.91.

ANSYS (ANSS) traded up $4.03 during midday trading on Friday, reaching $163.96. The company’s stock had a trading volume of 456,805 shares, compared to its average volume of 435,168. ANSYS has a twelve month low of $92.33 and a twelve month high of $164.14. The stock has a market capitalization of $14,260.00, a P/E ratio of 51.56 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating 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 the consensus estimate of $263.77 million. During the same quarter last year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. research analysts expect that ANSYS will post 3.57 earnings per share for the current year.

In related news, VP Shane Emswiler sold 12,504 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,031 shares of company stock worth $2,960,730. Company insiders own 1.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. increased its holdings in ANSYS by 0.8% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after purchasing an additional 18 shares during the period. Cookson Peirce & Co. Inc. increased its holdings in ANSYS by 8.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 2,700 shares of the software maker’s stock valued at $329,000 after purchasing an additional 210 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in ANSYS by 7.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,342 shares of the software maker’s stock valued at $528,000 after purchasing an additional 319 shares during the period. Janney Montgomery Scott LLC increased its holdings in ANSYS by 2.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,884 shares of the software maker’s stock valued at $1,704,000 after purchasing an additional 356 shares during the period. Finally, Advisory Services Network LLC increased its holdings in ANSYS by 25.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,107 shares of the software maker’s stock valued at $256,000 after purchasing an additional 431 shares during the period. Institutional investors own 96.44% of the company’s stock.

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About ANSYS

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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