ANSYS (ANSS) Receiving Somewhat Favorable News Coverage, Study Finds

Headlines about ANSYS (NASDAQ:ANSS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ANSYS earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 46.1699627137126 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern’s rankings:

ANSYS (ANSS) traded up $2.01 during trading on Friday, hitting $154.22. 479,520 shares of the stock were exchanged, compared to its average volume of 457,362. The company has a market cap of $13,090.00, a P/E ratio of 48.50 and a beta of 1.07. ANSYS has a fifty-two week low of $92.33 and a fifty-two week high of $156.14.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. ANSYS’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. research analysts predict that ANSYS will post 3.57 EPS for the current fiscal year.

A number of brokerages have issued reports on ANSS. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup lifted their target price on shares of ANSYS from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Wedbush restated a “neutral” rating and set a $114.00 price target (down previously from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank of Canada raised their price target on shares of ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $128.91.

In related news, VP Richard S. Mahoney sold 8,527 shares of ANSYS stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold a total of 27,031 shares of company stock worth $2,960,730 in the last 90 days. 1.30% of the stock is owned by insiders.

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ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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