ANSYS (NASDAQ:ANSS) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of ANSYS (NASDAQ:ANSS) in a report released on Tuesday morning. The brokerage issued a hold rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on ANSS. Barclays lifted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an underweight rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a neutral rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Wolfe Research reaffirmed a peer perform rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Mizuho decreased their price objective on ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $323.86.

ANSYS Stock Up 0.4 %

Shares of ANSYS stock opened at $325.97 on Tuesday. The business has a fifty day simple moving average of $336.83 and a 200 day simple moving average of $321.07. The stock has a market cap of $28.46 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 5.14 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. The firm had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 earnings per share. Research analysts predict that ANSYS will post 7.26 EPS for the current year.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANSS. Ninety One North America Inc. lifted its position in ANSYS by 49.3% during the 4th quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after buying an additional 9,863 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of ANSYS by 7.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock valued at $355,592,000 after acquiring an additional 81,457 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in ANSYS by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after acquiring an additional 31,579 shares in the last quarter. US Bancorp DE boosted its position in ANSYS by 3.7% during the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock valued at $9,974,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Sei Investments Co. grew its stake in ANSYS by 4.5% in the third quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock valued at $106,156,000 after purchasing an additional 15,333 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Company Profile

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.