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

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 equities research analysts have also issued reports on the company. KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They issued a sector weight rating on the stock. Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a neutral rating on the stock in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $318.33.

ANSYS Price Performance

Shares of ANSS stock opened at $325.00 on Tuesday. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of 65.26, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. 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 2.95 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $319.48 and a 200-day moving average of $328.13.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. On average, equities research analysts forecast that ANSYS will post 7.05 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now owns 3,782 shares in the company, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Several institutional investors have recently modified their holdings of ANSS. Treasurer of the State of North Carolina grew its position in shares of ANSYS by 11.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock valued at $18,399,000 after buying an additional 5,055 shares during the last quarter. Evoke Wealth LLC bought a new position in ANSYS during the 4th quarter worth approximately $3,032,000. Ninety One North America Inc. boosted its stake in shares of ANSYS by 49.3% in the 4th quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock valued at $10,837,000 after purchasing an additional 9,863 shares during the last quarter. Sei Investments Co. increased its position in shares of ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after buying an additional 66,338 shares during the period. Finally, Thematics Asset Management raised its stake in ANSYS by 25.0% during the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after buying an additional 18,173 shares during 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.