ANSYS (NASDAQ:ANSS) Stock Rating Upgraded by StockNews.com

ANSYS (NASDAQ:ANSS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also commented on the company. Robert W. Baird upped their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Rosenblatt Securities upped their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday.

ANSYS Stock Performance

NASDAQ ANSS opened at $334.21 on Friday. The stock has a market cap of $29.29 billion, a PE ratio of 51.02, a P/E/G ratio of 3.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.11 and a current ratio of 3.01. The firm has a 50-day moving average of $342.69 and a 200-day moving average of $332.74. ANSYS has a 52-week low of $289.82 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. On average, sell-side analysts anticipate that ANSYS will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ameliora Wealth Management Ltd. acquired a new stake in ANSYS during the fourth quarter worth about $27,000. Quarry LP lifted its holdings in shares of ANSYS by 1,550.0% during the 4th quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 93 shares during the period. Assetmark Inc. boosted its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC bought a new position in ANSYS in the fourth quarter valued at approximately $42,000. Finally, Kapitalo Investimentos Ltda acquired a new position in ANSYS during the fourth quarter valued at approximately $43,000. 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.