ANSYS (NASDAQ:ANSS) PT Raised to $228.00

ANSYS (NASDAQ:ANSS) had its price objective hoisted by Wedbush from $221.00 to $228.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the software maker’s stock. Wedbush’s target price indicates a potential upside of 7.41% from the stock’s current price. The analysts noted that the move was a valuation call.

ANSS has been the topic of a number of other reports. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Benchmark reissued a “buy” rating and issued a $210.00 price objective (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp increased their price objective on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. BidaskClub downgraded shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 12th. Finally, Evercore ISI downgraded shares of Cognizant Technology Solutions from an “outperform” rating to an “in-line” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. ANSYS has a consensus rating of “Buy” and an average target price of $194.33.

ANSYS stock opened at $212.28 on Thursday. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 40.79 and a beta of 1.41. ANSYS has a 52-week low of $136.80 and a 52-week high of $212.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.11 and a current ratio of 2.11. The business’s 50 day simple moving average is $196.66.



ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $319.91 million for the quarter, compared to analyst estimates of $306.17 million. During the same period in the prior year, the business earned $1.22 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts predict that ANSYS will post 5.07 EPS for the current year.

In related news, VP Matthew C. Zack sold 1,116 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $194.80, for a total value of $217,396.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Mcdermott sold 1,765 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The disclosure for this sale can be found here. Insiders sold a total of 3,519 shares of company stock worth $656,325 over the last ninety days. Insiders own 1.11% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of ANSYS in the 1st quarter valued at $28,000. Flagship Harbor Advisors LLC grew its position in shares of ANSYS by 198.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after buying an additional 121 shares during the last quarter. Glassman Wealth Services grew its position in shares of ANSYS by 128.9% in the 1st quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after buying an additional 116 shares during the last quarter. Washington Trust Bank grew its position in shares of ANSYS by 43.8% in the 1st quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after buying an additional 64 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in shares of ANSYS by 47.0% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 397 shares of the software maker’s stock valued at $57,000 after buying an additional 127 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

About ANSYS

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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