ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

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

Several other brokerages also recently issued reports on ANSS. Barclays boosted their price objective 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. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Finally, Mizuho cut their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $320.00.

ANSYS Stock Up 0.8 %

NASDAQ:ANSS opened at $328.57 on Tuesday. The firm has a market capitalization of $28.68 billion, a PE ratio of 57.34, a price-to-earnings-growth ratio of 5.09 and a beta of 1.16. The stock has a 50 day moving average of $336.80 and a 200-day moving average of $321.12. ANSYS has a 52 week low of $258.01 and a 52 week 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.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million during the quarter, compared to analyst estimates of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. Analysts predict that ANSYS will post 7.39 EPS for the current year.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is owned by corporate insiders.

Institutional Trading of ANSYS

Several large investors have recently added to or reduced their stakes in ANSS. CVA Family Office LLC acquired a new position in shares of ANSYS in the fourth quarter worth $28,000. Raleigh Capital Management Inc. increased its stake in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Quest Partners LLC acquired a new position in shares of ANSYS in the fourth quarter worth $29,000. DSM Capital Partners LLC acquired a new position in shares of ANSYS in the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. bought a new stake in ANSYS in the fourth quarter worth $40,000. 92.39% of the stock is owned by institutional investors and hedge funds.

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.