StockNews.com Begins Coverage on ANSYS (NASDAQ:ANSS)

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

Separately, Rosenblatt Securities restated a neutral rating and set a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $320.00.

ANSYS Price Performance

Shares of ANSS stock opened at $321.50 on Wednesday. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 64.56, a price-to-earnings-growth ratio of 7.17 and a beta of 1.14. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average of $324.93 and a 200-day moving average of $332.71.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share. On average, equities research analysts forecast that ANSYS will post 7.05 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CVA Family Office LLC bought a new stake in ANSYS during the 4th quarter worth approximately $28,000. Quest Partners LLC bought a new position in ANSYS during the 4th quarter worth $29,000. DSM Capital Partners LLC acquired a new position in ANSYS during the 4th quarter worth about $34,000. Raleigh Capital Management Inc. grew its position in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the last quarter. Finally, Core Wealth Advisors Inc. bought a new stake in shares of ANSYS in the 4th quarter valued at about $40,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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.