ANSS has been the subject of several other research reports. JPMorgan Chase & Co. upgraded ANSYS from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $190.00 to $228.00 in a research note on Wednesday, September 11th. Citigroup initiated coverage on ANSYS in a research note on Monday, July 22nd. They set a “buy” rating and a $250.00 price target for the company. Griffin Securities upgraded ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, September 13th. Benchmark upped their price target on ANSYS from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price target for the company. in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $220.50.
Shares of ANSS stock opened at $216.08 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $229.20. The stock’s 50-day moving average is $217.94 and its two-hundred day moving average is $203.25. The firm has a market cap of $18.40 billion, a P/E ratio of 41.47 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The business’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. As a group, research analysts expect that ANSYS will post 5.2 EPS for the current year.
In other news, VP Janet Lee sold 1,174 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $215.26, for a total transaction of $252,715.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.11% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in shares of ANSYS by 1.2% in the 3rd quarter. Rhumbline Advisers now owns 156,885 shares of the software maker’s stock worth $34,728,000 after acquiring an additional 1,794 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of ANSYS by 86.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 68,900 shares of the software maker’s stock worth $15,252,000 after acquiring an additional 31,900 shares during the period. Squar Milner Financial Services LLC lifted its position in shares of ANSYS by 27.9% in the 3rd quarter. Squar Milner Financial Services LLC now owns 509 shares of the software maker’s stock worth $112,000 after acquiring an additional 111 shares during the period. State of Michigan Retirement System lifted its position in shares of ANSYS by 0.5% in the 3rd quarter. State of Michigan Retirement System now owns 20,200 shares of the software maker’s stock worth $4,471,000 after acquiring an additional 100 shares during the period. Finally, World Asset Management Inc lifted its position in shares of ANSYS by 1.7% in the 3rd quarter. World Asset Management Inc now owns 5,875 shares of the software maker’s stock worth $1,300,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 93.78% 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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