ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Rating of “Reduce” by Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given an average recommendation of “Reduce” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $320.00.

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Mizuho dropped their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Finally, StockNews.com assumed coverage on ANSYS in a research report on Wednesday. They set a “hold” rating for the company.

ANSYS Stock Up 1.6 %

Shares of NASDAQ ANSS opened at $319.52 on Friday. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The firm has a 50-day simple moving average of $336.00 and a two-hundred day simple moving average of $322.00. The company has a market cap of $27.89 billion, a P/E ratio of 64.16, a PEG ratio of 5.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a return on equity of 10.61% and a net margin of 19.51%. The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS’s revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. Research analysts anticipate that ANSYS will post 7.39 earnings per share for the current year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in ANSYS by 13.2% in the third quarter. Commonwealth Equity Services LLC now owns 5,821 shares of the software maker’s stock valued at $1,732,000 after buying an additional 678 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of ANSYS by 57.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,132 shares of the software maker’s stock worth $932,000 after buying an additional 1,145 shares during the period. Raymond James & Associates grew its stake in ANSYS by 2.3% during the 3rd quarter. Raymond James & Associates now owns 141,200 shares of the software maker’s stock valued at $42,014,000 after purchasing an additional 3,192 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in ANSYS by 87.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,384 shares of the software maker’s stock worth $5,768,000 after buying an additional 9,030 shares during the period. Finally, NorthRock Partners LLC acquired a new stake in ANSYS during the 3rd quarter valued at approximately $223,000. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.