ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Rating of “Reduce” by Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSS) have received a consensus recommendation of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $322.75.

A number of analysts have weighed in on the company. StockNews.com assumed coverage on ANSYS in a research note on Monday. They issued a “hold” rating on the stock. Mizuho cut their price target on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Barclays lifted their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ANSYS

Institutional investors have recently added to or reduced their stakes in the stock. LM Advisors LLC acquired a new position in ANSYS in the 4th quarter valued at about $25,000. CVA Family Office LLC purchased a new stake in ANSYS in the 4th quarter valued at approximately $28,000. Quest Partners LLC purchased a new stake in ANSYS in the 4th quarter valued at approximately $29,000. DSM Capital Partners LLC purchased a new stake in ANSYS in the 4th quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its holdings in ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Down 1.8 %

NASDAQ:ANSS opened at $328.16 on Tuesday. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.65 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16. The stock has a fifty day moving average price of $338.37 and a 200 day moving average price of $319.73.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same period last year, the firm earned $2.61 earnings per share. ANSYS’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that ANSYS will post 7.34 earnings per share for the current fiscal year.

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.