Analysts Set ANSYS, Inc. (NASDAQ:ANSS) Target Price at $320.00

ANSYS, Inc. (NASDAQ:ANSS) has been given an average rating of “Reduce” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $320.00.

A number of equities analysts have weighed in on ANSS shares. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. StockNews.com began coverage on shares of ANSYS in a research note on Wednesday, May 1st. They issued a “hold” rating on the stock. Mizuho decreased their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday.

ANSYS Trading Up 0.6 %

Shares of ANSS opened at $321.59 on Friday. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 5.01 and a beta of 1.16. The firm’s 50-day moving average price is $335.28 and its 200-day moving average price is $322.81. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14.

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

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wedmont Private Capital increased its holdings in ANSYS by 1.3% in the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after acquiring an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after acquiring an additional 32 shares in the last quarter. Ieq Capital LLC boosted its position in shares of ANSYS by 1.2% during the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after acquiring an additional 34 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of ANSYS by 2.6% in the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after purchasing an additional 34 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after purchasing an additional 35 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

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.