Griffin Securities upgraded shares of ANSYS (NASDAQ:ANSS) from a neutral rating to a buy rating in a research note published on Friday, Briefing.com Automated Import reports. Griffin Securities currently has $240.00 price objective on the software maker’s stock.
A number of other equities research analysts also recently weighed in on the stock. Evercore ISI reiterated a hold rating and set a $160.00 price target on shares of ANSYS in a research note on Tuesday, August 6th. BidaskClub upgraded shares of ANSYS from a hold rating to a buy rating in a research note on Thursday, August 15th. Wedbush lifted their price target on shares of ANSYS from $221.00 to $228.00 and gave the stock an outperform rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Citigroup started coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a buy rating and a $250.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of ANSYS from an underweight rating to a neutral rating and lifted their price target for the stock from $190.00 to $228.00 in a research note on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $221.00.
ANSS opened at $212.13 on Friday. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $219.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s fifty day moving average price is $208.82 and its two-hundred day moving average price is $196.04. The company has a market capitalization of $17.75 billion, a P/E ratio of 40.72 and a beta of 1.41.
Several hedge funds and other institutional investors have recently modified their holdings of ANSS. Glassman Wealth Services lifted its holdings in shares of ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after acquiring an additional 116 shares during the period. Motco bought a new position in shares of ANSYS during the second quarter valued at $38,000. Ibex Wealth Advisors bought a new position in shares of ANSYS during the second quarter valued at $39,000. CSat Investment Advisory L.P. lifted its holdings in shares of ANSYS by 129.7% during the second quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock valued at $52,000 after acquiring an additional 144 shares during the period. Finally, Icon Wealth Partners LLC bought a new position in shares of ANSYS during the first quarter valued at $70,000. 93.64% of the stock is owned by institutional investors.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
Further Reading: Limitations of the P/E Growth ratio
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