ANSYS (NASDAQ:ANSS) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of ANSYS (NASDAQ:ANSS) in a report released on Monday. The brokerage issued a hold rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the stock. Mizuho dropped their target price on shares of ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a report on Wednesday, January 17th. Rosenblatt Securities reiterated a neutral rating and issued a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a report on Thursday, February 22nd. Finally, Wolfe Research reiterated a peer perform rating on shares of ANSYS in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $322.75.

ANSYS Stock Down 1.8 %

ANSS stock opened at $328.16 on Monday. The stock has a market capitalization of $28.65 billion, a P/E ratio of 57.27, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a 50-day moving average price of $338.37 and a 200-day moving average price of $319.73.

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

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now directly 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 at the SEC website. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently modified their holdings of the stock. LM Advisors LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $25,000. CVA Family Office LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $28,000. Quest Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $29,000. DSM Capital Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at $34,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after acquiring an additional 57 shares during the period. 92.39% of the stock is owned by institutional investors.

About ANSYS

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.