StockNews.com Upgrades ANSYS (NASDAQ:ANSS) to “Buy”

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a report released on Friday.

Several other brokerages have also commented on ANSS. Rosenblatt Securities raised their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $334.21 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.11 and a current ratio of 3.01. The company has a market cap of $29.29 billion, a PE ratio of 51.02, a P/E/G ratio of 3.55 and a beta of 1.12. The business has a 50-day simple moving average of $342.69 and a two-hundred day simple moving average of $333.19. ANSYS has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. As a group, equities analysts expect that ANSYS will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth $27,000. Quarry LP boosted its stake in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after buying an additional 93 shares during the last quarter. Assetmark Inc. boosted its stake in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after buying an additional 103 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in ANSYS in the fourth quarter valued at $42,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in ANSYS in the fourth quarter valued at $43,000. 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.