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.
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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