Rosenblatt Securities Reaffirms Neutral Rating for ANSYS (NASDAQ:ANSS)

Rosenblatt Securities restated their neutral rating on shares of ANSYS (NASDAQ:ANSS) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $345.00 price target on the software maker’s stock.

ANSS has been the topic of several other reports. Barclays increased their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a report on Thursday, February 22nd. StockNews.com started coverage on ANSYS in a research note on Wednesday, May 1st. They set a hold rating for the company. Mizuho cut their target price on ANSYS from $350.00 to $330.00 and set a neutral rating on the stock in a research note on Wednesday, January 17th. Finally, Wolfe Research restated a peer perform rating on shares of ANSYS in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $320.00.

ANSYS Stock Performance

Shares of ANSYS stock opened at $319.52 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. The firm has a 50 day simple moving average of $335.57 and a 200 day simple moving average of $322.55. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm has a market cap of $27.89 billion, a P/E ratio of 64.16, a P/E/G ratio of 5.01 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. Sell-side analysts predict that ANSYS will post 7.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

Institutional Trading of ANSYS

Hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new position in shares of ANSYS during the fourth quarter worth about $28,000. Raleigh Capital Management Inc. grew its stake in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at approximately $29,000. DSM Capital Partners LLC bought a new stake in shares of ANSYS in the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. acquired a new position in ANSYS during the fourth quarter worth $40,000. Institutional investors and hedge funds 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.