ANSYS (NASDAQ:ANSS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Separately, Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $318.33.

ANSYS Stock Up 2.3 %

Shares of NASDAQ ANSS opened at $328.41 on Tuesday. The stock has a 50-day moving average price of $320.32 and a two-hundred day moving average price of $321.53. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market cap of $28.70 billion, a price-to-earnings ratio of 58.02, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million for 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%. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. As a group, analysts forecast that ANSYS will post 7.32 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ANSYS

Large investors have recently added to or reduced their stakes in the business. Bangor Savings Bank lifted its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the period. Wasatch Advisors LP boosted its stake in ANSYS by 1.8% during the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker’s stock worth $723,000 after acquiring an additional 36 shares in the last quarter. Gardner Lewis Asset Management L P grew its holdings in ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after purchasing an additional 40 shares during the period. Eads & Heald Wealth Management increased its stake in ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares in the last quarter. Finally, Mission Wealth Management LP raised its holdings in shares of ANSYS by 5.7% during the first quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock valued at $263,000 after purchasing an additional 41 shares during the period. 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.