ANSYS (NASDAQ:ANSS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a report released on Friday.

Other research analysts also recently issued reports about the stock. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $348.33.

ANSYS Price Performance

NASDAQ ANSS opened at $334.21 on Friday. ANSYS has a one year low of $289.82 and a one year high of $363.03. The stock has a 50-day moving average of $342.81 and a 200 day moving average of $332.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The company has a market capitalization of $29.23 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 3.51 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.96% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, sell-side analysts forecast that ANSYS will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ANSYS

Hedge funds have recently bought and sold shares of the business. Ameliora Wealth Management Ltd. purchased a new stake in shares of ANSYS during the 4th quarter valued at about $27,000. Quarry LP increased its stake in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 93 shares during the last quarter. Assetmark Inc. raised its position in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC bought a new stake in shares of ANSYS in the 4th quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ANSYS in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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.