ANSYS (ANSS) Hits New 12-Month High at $155.24

Shares of ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.24 and last traded at $153.71, with a volume of 423200 shares changing hands. The stock had previously closed at $152.45.

A number of research firms recently issued reports on ANSS. Royal Bank of Canada reaffirmed a “hold” rating and issued a $118.00 target price on shares of ANSYS in a research report on Monday, September 11th. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $129.19 target price (up previously from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Robert W. Baird set a $130.00 target price on ANSYS and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, Citigroup began coverage on ANSYS in a research report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $128.91.

The stock has a market capitalization of $13,180.00, a price-to-earnings ratio of 48.34 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter last year, the company posted $0.95 earnings per share. ANSYS’s quarterly revenue was up 12.6% on a year-over-year basis. analysts expect that ANSYS, Inc. will post 3.57 EPS for the current year.

In other news, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total value of $152,121.68. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock valued at $2,960,730 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of ANSS. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 21.8% during the second 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 during the period. Koch Industries Inc. bought a new stake in shares of ANSYS in the second quarter valued at approximately $971,000. State Street Corp boosted its stake in shares of ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after buying an additional 607,765 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of ANSYS by 27.2% in the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after buying an additional 224,640 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ANSYS by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock valued at $121,046,000 after buying an additional 165,174 shares during the period. Institutional investors own 96.67% 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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