ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Rating of “Reduce” from Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned an average recommendation of “Reduce” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $318.33.

A number of research firms have commented on ANSS. StockNews.com began coverage on shares of ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating on the stock. Rosenblatt Securities reduced their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th.

ANSYS Price Performance

ANSS opened at $322.81 on Friday. The company has a fifty day simple moving average of $320.44 and a 200 day simple moving average of $322.14. The firm has a market cap of $28.18 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 6.99 and a beta of 1.11. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last released 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. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same period last year, the business earned $1.06 EPS. The business’s revenue was up 19.6% on a year-over-year basis. Equities research analysts expect that ANSYS will post 7.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bangor Savings Bank lifted its position in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the last quarter. Wasatch Advisors LP lifted its position in ANSYS by 1.8% in the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock valued at $723,000 after purchasing an additional 36 shares during the last quarter. Gardner Lewis Asset Management L P lifted its position in ANSYS by 1.9% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after purchasing an additional 40 shares during the last quarter. Mission Wealth Management LP lifted its position in ANSYS by 5.7% in the 1st quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock valued at $263,000 after purchasing an additional 41 shares during the last quarter. Finally, PFG Advisors lifted its position in ANSYS by 0.4% in the 2nd quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock valued at $3,960,000 after purchasing an additional 46 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

About ANSYS

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.