ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “neutral” rating reissued by Wedbush in a research note issued to investors on Friday. They presently have a $114.00 price objective on the software maker’s stock, down from their prior price objective of $136.00. Wedbush’s price objective points to a potential downside of 23.54% from the company’s current price.
Several other analysts have also issued reports on the company. Barclays PLC cut their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research note on Friday, September 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research report on Monday, September 11th. BidaskClub upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Robert W. Baird set a $130.00 price objective on ANSYS and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Evercore ISI reiterated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS has an average rating of “Hold” and an average target price of $126.18.
Shares of ANSYS (NASDAQ:ANSS) traded up $0.42 on Friday, reaching $149.10. The company’s stock had a trading volume of 747,257 shares, compared to its average volume of 416,449. The firm has a market cap of $12,652.63, a PE 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The business had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. ANSYS’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. equities analysts anticipate that ANSYS will post 3.7 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning raised its holdings in ANSYS by 68.6% in the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new position in ANSYS in the second quarter worth $138,000. Dupont Capital Management Corp purchased a new stake in shares of ANSYS in the second quarter worth $149,000. Finally, Fiduciary Trust Co. purchased a new stake in shares of ANSYS in the second quarter worth $170,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
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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