ANSYS (NASDAQ:ANSS) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a report issued on Thursday morning, Benzinga reports. The firm issued a sector weight rating on the software maker’s stock.

A number of other equities analysts have also recently commented on ANSS. Rosenblatt Securities reiterated a neutral rating and issued a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. StockNews.com initiated coverage on ANSYS in a report on Wednesday. They issued a hold rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $320.00.

ANSYS Price Performance

ANSS opened at $321.82 on Thursday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $28.09 billion, a P/E ratio of 64.62, a PEG ratio of 7.11 and a beta of 1.14. The stock has a 50-day moving average price of $324.99 and a 200-day moving average price of $332.31. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31.

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

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Trading of ANSYS

Several large investors have recently added to or reduced their stakes in ANSS. Vanguard Group Inc. lifted its position in shares of ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after purchasing an additional 73,585 shares during the period. Franklin Resources Inc. lifted its holdings in ANSYS by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock worth $547,483,000 after buying an additional 27,893 shares during the period. Wellington Management Group LLP boosted its position in 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 in the last quarter. Morgan Stanley grew its holdings in shares of ANSYS by 18.0% during the 3rd quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after acquiring an additional 154,325 shares during the period. Finally, Norges Bank bought a new position in shares of ANSYS in the 4th quarter worth approximately $282,329,000. 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.