ANSYS (NASDAQ:ANSS) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of ANSYS (NASDAQ:ANSS) in a research note issued on Wednesday. The brokerage set a “hold” rating on the software maker’s stock.

Other analysts have also recently issued research reports about the stock. Mizuho cut their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Barclays raised their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $320.00.

ANSYS Price Performance

Shares of ANSYS stock opened at $324.88 on Wednesday. The firm has a market cap of $28.36 billion, a PE ratio of 56.70, a price-to-earnings-growth ratio of 5.23 and a beta of 1.16. The company’s fifty day simple moving average is $336.66 and its two-hundred day simple moving average is $322.06. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same period last year, the firm earned $2.61 earnings per share. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that ANSYS will post 7.39 EPS for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of ANSYS by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock worth $3,687,244,000 after purchasing an additional 132,206 shares during the last quarter. Bamco Inc. NY lifted its stake in ANSYS by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock valued at $595,908,000 after acquiring an additional 11,774 shares during the period. Franklin Resources Inc. lifted its stake in ANSYS by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after acquiring an additional 27,893 shares during the period. Wellington Management Group LLP boosted its holdings in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock valued at $382,884,000 after acquiring an additional 805,657 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of ANSYS by 3.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after acquiring an additional 46,628 shares during the period. Institutional investors own 92.39% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.