ANSYS, Inc. (ANSS) Earns Hold Rating from Evercore ISI

Evercore ISI restated their hold rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research report sent to investors on Thursday. They currently have a $113.00 price target on the software maker’s stock.

ANSS has been the subject of several other reports. Zacks Investment Research downgraded ANSYS from a buy rating to a hold rating in a research note on Wednesday, October 4th. Citigroup Inc. assumed coverage on ANSYS in a research note on Friday, September 22nd. They issued a neutral rating and a $125.00 price target for the company. BidaskClub upgraded ANSYS from a buy rating to a strong-buy rating in a research note on Friday, August 4th. Barclays PLC reduced their price target on ANSYS from $115.00 to $113.00 and set an underweight rating for the company in a research note on Friday, September 15th. Finally, J P Morgan Chase & Co restated a sell rating and issued a $98.00 price target on shares of ANSYS in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $126.18.

Shares of ANSYS (NASDAQ ANSS) traded up $0.42 during midday trading on Thursday, hitting $149.10. The stock had a trading volume of 747,257 shares, compared to its average volume of 416,449. The company has a market capitalization of $12,652.63, a P/E ratio of 42.60 and a beta of 1.05.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities analysts expect that ANSYS will post 3.7 earnings per share for the current fiscal year.

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

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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