StockNews.com Initiates Coverage on ANSYS (NASDAQ:ANSS)

Equities research analysts at StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report issued on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on ANSS. KeyCorp started coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities reduced their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and an average target price of $318.33.

ANSYS Trading Down 0.6 %

Shares of ANSS stock opened at $320.25 on Friday. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a market capitalization of $27.96 billion, a price-to-earnings ratio of 64.31, a PEG ratio of 6.80 and a beta of 1.12. The firm has a 50-day moving average price of $315.72 and a 200 day moving average price of $325.09. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. The company’s revenue was up 19.6% on a year-over-year basis. Research analysts forecast that ANSYS will post 7.32 earnings per share for the current fiscal year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several large investors have recently made changes to their positions in ANSS. Wedmont Private Capital lifted its holdings in shares of ANSYS by 1.3% during 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 in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares in the last quarter. Personal CFO Solutions LLC boosted its position 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 worth $493,000 after buying an additional 34 shares during the period. FineMark National Bank & Trust grew its stake in shares of ANSYS by 4.9% in the fourth quarter. FineMark National Bank & Trust now owns 769 shares of the software maker’s stock valued at $279,000 after buying an additional 36 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock valued at $723,000 after buying an additional 36 shares during the period. 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.