ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

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

Several other brokerages also recently commented on ANSS. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Friday, May 3rd. Two 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $320.00.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $331.11 on Friday. The firm has a market cap of $28.91 billion, a PE ratio of 66.49, a PEG ratio of 7.16 and a beta of 1.16. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average price is $333.41 and its two-hundred day moving average price is $327.15.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. Equities research analysts predict that ANSYS will post 7.16 earnings per share for the current year.

Insider Buying and Selling

In related 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 sale, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of ANSYS

Several hedge funds and other institutional investors have recently modified their holdings of ANSS. Vanguard Group Inc. increased its holdings in ANSYS by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after acquiring an additional 73,585 shares during the period. Bamco Inc. NY boosted its position 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 buying an additional 11,774 shares during the period. Franklin Resources Inc. increased its holdings 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 purchasing an additional 27,893 shares during the period. Wellington Management Group LLP raised its holdings in shares of ANSYS by 167.4% during the third 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 in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of ANSYS by 3.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after purchasing an additional 46,628 shares during the period. Institutional investors own 92.39% of the company’s stock.

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.