William Blair Initiates Coverage on ANSYS (ANSS)

Stock analysts at William Blair started coverage on shares of ANSYS (NASDAQ:ANSS) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “market perform” rating on the software maker’s stock. William Blair also issued estimates for ANSYS’s FY2020 earnings at $5.27 EPS.

A number of other brokerages have also recently issued reports on ANSS. Goldman Sachs Group raised ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Wednesday, June 20th. Zacks Investment Research cut ANSYS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. BidaskClub cut ANSYS from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Barclays increased their price objective on ANSYS from $152.00 to $162.00 and gave the stock an “underweight” rating in a report on Wednesday, August 8th. Finally, Evercore ISI reissued a “hold” rating and set a $150.00 price objective on shares of ANSYS in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. ANSYS presently has a consensus rating of “Hold” and a consensus target price of $172.20.

Shares of ANSS opened at $158.90 on Tuesday. The stock has a market cap of $15.74 billion, a P/E ratio of 43.70 and a beta of 1.06. ANSYS has a 52-week low of $127.68 and a 52-week high of $190.45.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $308.90 million for the quarter, compared to analysts’ expectations of $288.26 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, analysts expect that ANSYS will post 4.54 earnings per share for the current fiscal year.

In other ANSYS news, Director Alec D. Gallimore sold 276 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total value of $47,957.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 3,511 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total value of $657,224.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,350 shares of company stock worth $8,694,511. Insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Aristotle Capital Management LLC raised its holdings in shares of ANSYS by 3.0% in the 1st quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock valued at $368,571,000 after acquiring an additional 67,635 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ANSYS by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock valued at $271,901,000 after acquiring an additional 60,785 shares in the last quarter. Morgan Stanley raised its holdings in shares of ANSYS by 229.2% during the 2nd quarter. Morgan Stanley now owns 1,432,463 shares of the software maker’s stock valued at $249,507,000 after buying an additional 997,328 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of ANSYS by 0.9% during the 2nd quarter. Bessemer Group Inc. now owns 755,657 shares of the software maker’s stock valued at $131,620,000 after buying an additional 6,501 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of ANSYS by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 744,090 shares of the software maker’s stock valued at $129,606,000 after buying an additional 56,822 shares in the last quarter. 95.32% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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