ANSYS (NASDAQ:ANSS) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a note issued to investors on Wednesday. The firm set a “hold” rating on the software maker’s stock.

ANSS has been the topic of several other research reports. Rosenblatt Securities lowered their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. KeyCorp began coverage on shares of ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus target price of $318.33.

ANSYS Stock Down 0.3 %

NASDAQ ANSS opened at $326.02 on Wednesday. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The stock has a market cap of $28.46 billion, a PE ratio of 65.47, a PEG ratio of 6.90 and a beta of 1.11. The firm has a 50-day simple moving average of $319.64 and a 200 day simple moving average of $327.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.80 and a current ratio of 2.95.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. On average, research analysts forecast that ANSYS will post 7.05 EPS for the current year.

Insider Activity at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ANSYS

A number of institutional investors and hedge funds have recently bought and sold shares of ANSS. EP Wealth Advisors LLC bought a new position in shares of ANSYS in the second quarter valued at about $227,000. Ecofi Investissements SA bought a new position in shares of ANSYS in the second quarter worth about $9,270,000. Regal Investment Advisors LLC lifted its position in shares of ANSYS by 43.9% during the second quarter. Regal Investment Advisors LLC now owns 1,301 shares of the software maker’s stock worth $418,000 after purchasing an additional 397 shares in the last quarter. Wellington Wealth Strategies LLC. bought a new stake in shares of ANSYS during the second quarter valued at approximately $238,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of ANSYS by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,720 shares of the software maker’s stock valued at $1,839,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds 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.