ANSYS (NASDAQ:ANSS) Upgraded by JPMorgan Chase & Co. to Neutral

JPMorgan Chase & Co. upgraded shares of ANSYS (NASDAQ:ANSS) from an underweight rating to a neutral rating in a research report released on Wednesday morning, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has $228.00 target price on the software maker’s stock, up from their previous target price of $190.00.

Several other equities research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of ANSYS from a hold rating to a buy rating in a research report on Thursday, August 15th. Wedbush boosted their price target on shares of ANSYS from $221.00 to $228.00 and gave the stock an outperform rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Guggenheim restated a buy rating on shares of ANSYS in a research report on Wednesday, September 4th. Zacks Investment Research cut shares of ANSYS from a strong-buy rating to a hold rating and set a $240.00 price target on the stock. in a research report on Monday, August 12th. Finally, Evercore ISI reaffirmed a hold rating and set a $160.00 price objective on shares of ANSYS in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $210.67.

Shares of ANSYS stock traded down $3.51 on Wednesday, hitting $211.08. 592,442 shares of the company traded hands, compared to its average volume of 433,013. The stock has a market capitalization of $18.05 billion, a P/E ratio of 40.51 and a beta of 1.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. ANSYS has a 52 week low of $136.80 and a 52 week high of $219.86. The business has a 50-day simple moving average of $208.92 and a 200 day simple moving average of $195.30.



ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The firm had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. During the same quarter last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. Research analysts expect that ANSYS will post 5.2 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. WCM Investment Management LLC acquired a new position in ANSYS in the 1st quarter valued at $90,241,000. Swedbank acquired a new stake in shares of ANSYS in the 2nd quarter worth $100,576,000. BlackRock Inc. increased its stake in shares of ANSYS by 4.8% in the 1st quarter. BlackRock Inc. now owns 6,779,063 shares of the software maker’s stock worth $1,238,602,000 after acquiring an additional 312,390 shares during the last quarter. AKO Capital LLP increased its position in shares of ANSYS by 49.2% during the 1st quarter. AKO Capital LLP now owns 941,150 shares of the software maker’s stock worth $171,958,000 after purchasing an additional 310,181 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of ANSYS by 1,268.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 302,828 shares of the software maker’s stock worth $62,025,000 after purchasing an additional 280,701 shares during the last quarter. 93.64% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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