ANSYS (NASDAQ:ANSS) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the software maker’s stock.

ANSS has been the topic of a number of other reports. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp assumed coverage on ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $320.00.

ANSYS Stock Down 0.0 %

Shares of NASDAQ ANSS opened at $326.95 on Thursday. The stock has a market cap of $28.54 billion, a P/E ratio of 65.65, a PEG ratio of 7.16 and a beta of 1.11. The business’s fifty day simple moving average is $324.88 and its 200-day simple moving average is $333.37. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same period in the prior year, the business earned $1.45 EPS. ANSYS’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts predict that ANSYS will post 7.05 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANSS. LPL Financial LLC grew its stake in shares of ANSYS by 17.8% in the 3rd quarter. LPL Financial LLC now owns 17,158 shares of the software maker’s stock valued at $5,105,000 after purchasing an additional 2,588 shares during the last quarter. Advisors Asset Management Inc. increased its stake in ANSYS by 14.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,435 shares of the software maker’s stock valued at $1,320,000 after buying an additional 560 shares during the period. Lido Advisors LLC lifted its stake in shares of ANSYS by 18.3% in the 3rd quarter. Lido Advisors LLC now owns 1,312 shares of the software maker’s stock worth $390,000 after acquiring an additional 203 shares during the period. Seven Eight Capital LP purchased a new stake in shares of ANSYS in the third quarter valued at about $463,000. Finally, Royal London Asset Management Ltd. increased its stake in shares of ANSYS by 17.1% during the third quarter. Royal London Asset Management Ltd. now owns 121,426 shares of the software maker’s stock worth $36,143,000 after acquiring an additional 17,752 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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.