ANSYS (NASDAQ:ANSS) Announces Quarterly Earnings Results

ANSYS (NASDAQ:ANSS) released its quarterly earnings data on Wednesday. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54), Briefing.com reports. The business had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share.

ANSYS Stock Performance

NASDAQ ANSS traded down $7.70 during trading hours on Thursday, hitting $313.78. The company had a trading volume of 324,259 shares, compared to its average volume of 667,116. The firm has a market cap of $27.39 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 5.09 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The business has a fifty day simple moving average of $336.51 and a 200-day simple moving average of $322.06.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of ANSYS 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 of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Mizuho reduced their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. StockNews.com assumed coverage on shares of ANSYS in a report on Wednesday. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $320.00.

About ANSYS

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.