ANSYS, Inc. (NASDAQ:ANSS) Receives Average Rating of “Reduce” from Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned an average rating of “Reduce” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $322.75.

ANSS has been the topic of several research reports. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays raised their price target on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities restated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. StockNews.com assumed coverage on ANSYS in a research note on Sunday, April 7th. They issued a “hold” rating on the stock. Finally, Mizuho cut their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th.

ANSYS Stock Performance

ANSS stock opened at $334.20 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $338.55 and its two-hundred day simple moving average is $319.34. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 5.37 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to analyst estimates of $797.49 million. During the same quarter last year, the firm posted $2.61 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Analysts predict that ANSYS will post 7.34 earnings per share for the current year.

Insiders Place Their Bets

In other ANSYS 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 value of $51,312.00. Following the completion of 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 this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several institutional investors have recently added to or reduced their stakes in ANSS. American Century Companies Inc. boosted its holdings in ANSYS by 12.4% in the first quarter. American Century Companies Inc. now owns 2,254 shares of the software maker’s stock worth $716,000 after acquiring an additional 248 shares in the last quarter. Panagora Asset Management Inc. boosted its position in ANSYS by 59.0% in the first quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock valued at $1,407,000 after buying an additional 1,643 shares during the last quarter. Cibc World Market Inc. boosted its position in ANSYS by 7.3% in the first quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock valued at $738,000 after buying an additional 158 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ANSYS by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock valued at $95,742,000 after buying an additional 10,284 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in ANSYS by 4.5% in the first quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock valued at $22,567,000 after buying an additional 3,063 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.