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.
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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