ANSYS (NASDAQ:ANSS) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the software maker’s stock.

Separately, Rosenblatt Securities reiterated a neutral rating and set a $345.00 price target on shares of ANSYS in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $320.00.

ANSYS Price Performance

Shares of ANSS opened at $321.32 on Wednesday. ANSYS has a one year low of $258.01 and a one year high of $364.31. The stock’s fifty day moving average is $325.08 and its 200-day moving average is $332.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 64.52, a price-to-earnings-growth ratio of 7.11 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. Equities analysts anticipate that ANSYS will post 7.16 EPS for the current year.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Institutional investors have recently bought and sold shares of the stock. Wedmont Private Capital increased its position in shares of ANSYS by 1.3% in the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after acquiring an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after purchasing an additional 32 shares during the period. Ieq Capital LLC lifted its holdings in shares of ANSYS by 1.2% in the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after purchasing an additional 34 shares in the last quarter. Personal CFO Solutions LLC boosted its position in shares of ANSYS by 2.6% in the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after buying an additional 34 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after buying an additional 35 shares in the last quarter. Hedge funds and other 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.