ANSYS (ANSS) Scheduled to Post Quarterly Earnings on Wednesday

ANSYS (NASDAQ:ANSS – Get Rating) will be releasing its earnings data after the market closes on Wednesday, August 3rd. Analysts expect ANSYS to post earnings of $1.61 per share for the quarter. ANSYS has set its Q2 guidance at $1.46-1.64 EPS and its FY22 guidance at $7.53-7.94 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

ANSYS (NASDAQ:ANSS – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The software maker reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.32. ANSYS had a return on equity of 12.14% and a net margin of 23.02%. The business had revenue of $428.64 million for the quarter, compared to analyst estimates of $409.26 million. During the same period last year, the firm posted $0.81 earnings per share. ANSYS’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect ANSYS to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ANSYS Stock Performance

Shares of ANSS stock opened at $278.99 on Monday. The business’s 50-day moving average price is $248.94 and its 200-day moving average price is $283.90. ANSYS has a 12 month low of $225.92 and a 12 month high of $413.89. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 3.52 and a beta of 1.27. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.17.

Insider Activity

In other news, Director Glenda Dorchak sold 800 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $256.18, for a total value of $204,944.00. Following the sale, the director now directly owns 4,041 shares of the company’s stock, valued at approximately $1,035,223.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd boosted its stake in ANSYS by 327.8% during the first quarter. Covestor Ltd now owns 154 shares of the software maker’s stock worth $49,000 after acquiring an additional 118 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in ANSYS during the first quarter worth $201,000. Verition Fund Management LLC acquired a new position in ANSYS during the first quarter worth $212,000. Fund Management at Engine No. 1 LLC acquired a new position in ANSYS during the first quarter worth $235,000. Finally, Avalon Investment & Advisory acquired a new position in ANSYS during the first quarter worth $250,000. 89.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ANSS. Royal Bank of Canada cut their price target on ANSYS from $350.00 to $315.00 in a research note on Friday, May 6th. Mizuho cut their price target on ANSYS from $285.00 to $265.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Credit Suisse Group cut their price target on ANSYS from $339.00 to $320.00 and set an “outperform” rating on the stock in a research note on Monday, June 13th. Oppenheimer reissued an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Finally, Rosenblatt Securities cut their price target on ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $288.36.

About ANSYS

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ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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