ANSYS (ANSS) Releases FY18 Earnings Guidance

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ANSYS (NASDAQ:ANSS) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.25-5.41 for the period, compared to the Thomson Reuters consensus estimate of $5.03. The company issued revenue guidance of $1237.0-1257.0 billion, compared to the consensus revenue estimate of $1.23 billion.ANSYS also updated its Q4 guidance to $1.39-1.55 EPS.

A number of equities analysts recently commented on the company. Benchmark upgraded ANSYS from a hold rating to a buy rating and set a $187.00 price target for the company in a research note on Monday. Wedbush upgraded ANSYS from a neutral rating to an outperform rating and lifted their price target for the stock from $180.00 to $184.00 in a research note on Friday, November 2nd. ValuEngine upgraded ANSYS from a hold rating to a buy rating in a research note on Friday, November 2nd. Needham & Company LLC upgraded ANSYS from a hold rating to a buy rating and set a $172.00 price target for the company in a research note on Monday, October 29th. Finally, BidaskClub downgraded ANSYS from a hold rating to a sell rating in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $176.09.

ANSS stock traded up $6.89 during midday trading on Wednesday, reaching $159.80. The company had a trading volume of 745,813 shares, compared to its average volume of 508,891. ANSYS has a fifty-two week low of $140.78 and a fifty-two week high of $190.45. The company has a market cap of $13.09 billion, a P/E ratio of 44.27 and a beta of 1.29.

In other news, Director Michael Thurk sold 3,500 shares of ANSYS stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $152.26, for a total transaction of $532,910.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barbara Vaughn Scherer sold 2,454 shares of ANSYS stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $187.99, for a total value of $461,327.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,350 shares of company stock valued at $8,631,756. 1.10% of the stock is currently owned by insiders.

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About ANSYS

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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