ANSYS, Inc. (ANSS) Given Average Recommendation of “Hold” by Brokerages

ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $128.91.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Citigroup lifted their price target on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Wedbush reaffirmed a “neutral” rating and set a $114.00 price target (down from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank of Canada lifted their price target on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd.

ANSYS (NASDAQ:ANSS) traded down $0.12 during trading hours on Friday, reaching $147.23. The company had a trading volume of 359,100 shares, compared to its average volume of 547,647. The stock has a market capitalization of $12,504.19, a price-to-earnings ratio of 42.10 and a beta of 1.07. ANSYS has a 52-week low of $91.89 and a 52-week high of $155.14.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. The firm 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 was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. equities research analysts expect that ANSYS will post 3.57 EPS for the current year.

In related news, VP Mark Hindsbo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total value of $758,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock worth $2,808,608 in the last quarter. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of ANSYS by 21.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after acquiring an additional 1,520,201 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of ANSYS during the 2nd quarter worth $971,000. State Street Corp lifted its stake in shares of ANSYS by 20.9% during the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after purchasing an additional 607,765 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of ANSYS by 27.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after purchasing an additional 224,640 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of ANSYS by 19.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after purchasing an additional 165,174 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.

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About ANSYS

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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