Needham & Company LLC reissued their buy rating on shares of ANSYS (NASDAQ:ANSS) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $220.00 target price on the software maker’s stock.
ANSS has been the subject of several other reports. Citigroup initiated coverage on ANSYS in a research note on Monday, July 22nd. They set a buy rating and a $250.00 target price for the company. Benchmark lifted their target price on ANSYS from $210.00 to $230.00 and gave the stock a buy rating in a research note on Wednesday, September 11th. BidaskClub downgraded ANSYS from a buy rating to a hold rating in a research note on Thursday, October 24th. Evercore ISI set a $186.00 target price on ANSYS and gave the stock a hold rating in a research note on Sunday, November 3rd. Finally, Zacks Investment Research downgraded ANSYS from a buy rating to a hold rating and set a $235.00 target price for the company. in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. ANSYS currently has a consensus rating of Buy and a consensus target price of $223.60.
NASDAQ:ANSS traded down $0.91 during mid-day trading on Thursday, hitting $224.31. The company had a trading volume of 597,400 shares, compared to its average volume of 430,605. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $229.20. The business’s fifty day moving average is $220.17 and its two-hundred day moving average is $205.93. The firm has a market cap of $18.33 billion, a P/E ratio of 43.05 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 6th. The software maker reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.42. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The company had revenue of $343.90 million during the quarter, compared to the consensus estimate of $334.40 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. Equities analysts forecast that ANSYS will post 5.2 earnings per share for the current year.
In related news, VP Janet Lee sold 1,174 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $215.26, for a total value of $252,715.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.11% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc RI boosted its stake in ANSYS by 64.5% in the 3rd quarter. Citizens Financial Group Inc RI now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 49 shares during the period. Parallel Advisors LLC raised its holdings in ANSYS by 146.8% in the 3rd quarter. Parallel Advisors LLC now owns 153 shares of the software maker’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. Motco acquired a new position in ANSYS in the 2nd quarter valued at $38,000. Ibex Wealth Advisors acquired a new position in ANSYS in the 2nd quarter valued at $39,000. Finally, CSat Investment Advisory L.P. raised its holdings in ANSYS by 129.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock valued at $52,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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