ANSYS (NASDAQ:ANSS) Earns Hold Rating from Analysts at StockNews.com

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

Several other research analysts have also commented on ANSS. Rosenblatt Securities cut 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. KeyCorp initiated coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has an average rating of “Hold” and an average target price of $318.33.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $320.25 on Friday. The stock’s 50-day simple moving average is $315.72 and its 200-day simple moving average is $325.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market capitalization of $27.96 billion, a PE ratio of 64.31, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. ANSYS’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, equities research analysts forecast that ANSYS will post 7.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently modified their holdings of the company. Wedmont Private Capital raised its stake in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after acquiring an additional 32 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of ANSYS by 2.6% in the fourth 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 in the last quarter. FineMark National Bank & Trust grew its position in shares of ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after purchasing an additional 36 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors 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.