ANSYS (NASDAQ:ANSS) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com started coverage on shares of ANSYS (NASDAQ:ANSS) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the software maker’s stock.

A number of other analysts also recently issued reports on the stock. KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and an average price target of $320.00.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $314.54 on Friday. The company has a market capitalization of $27.46 billion, a PE ratio of 63.16, a PEG ratio of 7.00 and a beta of 1.11. 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 stock’s 50 day moving average price is $325.02 and its 200-day moving average price is $332.10. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31.

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

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ANSS. Wedmont Private Capital lifted its holdings in shares of ANSYS by 1.3% in the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in ANSYS by 3.7% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Ieq Capital LLC lifted its stake in ANSYS by 1.2% in the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after purchasing an additional 34 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in ANSYS by 2.6% in the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after purchasing an additional 34 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in shares of ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

About ANSYS

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.