Several other research analysts have also recently issued reports on ANSS. Benchmark lifted their target price on ANSYS from $235.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Guggenheim reaffirmed a “buy” rating on shares of ANSYS in a research report on Wednesday, September 4th. Griffin Securities raised ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective on the stock in a research report on Friday, September 13th. Wedbush boosted their price objective on ANSYS from $232.00 to $254.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price objective on the stock. in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $228.00.
Shares of ANSYS stock opened at $251.02 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.55 and a current ratio of 2.55. ANSYS has a 52 week low of $136.80 and a 52 week high of $258.52. The stock has a 50 day moving average price of $237.30 and a two-hundred day moving average price of $215.16. The stock has a market capitalization of $21.18 billion, a PE ratio of 46.77 and a beta of 1.42.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.42. The firm had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $334.40 million. ANSYS had a return on equity of 16.65% and a net margin of 30.35%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. Research analysts forecast that ANSYS will post 5.26 EPS for the current year.
In related news, VP Matthew C. Zack sold 1,427 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $230.40, for a total transaction of $328,780.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shane Emswiler sold 990 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $235.28, for a total value of $232,927.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,591 shares of company stock worth $814,423. 1.11% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ANSS. Citizens Financial Group Inc RI boosted its holdings in ANSYS by 64.5% during the 3rd quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock valued at $28,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC raised its position in shares of ANSYS by 146.8% in the 3rd quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Motco bought a new position in shares of ANSYS in the 2nd quarter worth approximately $38,000. CSat Investment Advisory L.P. raised its position in shares of ANSYS by 129.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock worth $52,000 after acquiring an additional 144 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of ANSYS in the 2nd quarter worth approximately $70,000. Institutional investors own 94.08% of the company’s stock.
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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