ANSYS, Inc. (ANSS) Sets New 12-Month High at $136.25

ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high on Tuesday . The stock traded as high as $136.25 and last traded at $136.48, with a volume of 162,793 shares trading hands. The stock had previously closed at $135.80.

ANSS has been the subject of several research reports. Wedbush reissued a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC reduced their price objective on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, September 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research report on Monday, September 11th. Finally, BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has an average rating of “Hold” and an average target price of $116.68.

The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 44.00 and a beta of 1.05. The company’s 50-day moving average price is $127.22 and its 200 day moving average price is $123.89.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities research analysts predict that ANSYS, Inc. will post $3.87 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANSS. Creative Planning boosted its stake in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after purchasing an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after purchasing an additional 69 shares during the period. Parallax Volatility Advisers L.P. bought a new stake in ANSYS in the 2nd quarter valued at $138,000. Dupont Capital Management Corp bought a new stake in ANSYS in the 2nd quarter valued at $149,000. Finally, Fiduciary Trust Co. bought a new stake in ANSYS in the 2nd quarter valued at $170,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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