Shares of ANSYS, Inc. (NASDAQ:ANSS – Get Free Report) have earned an average recommendation of “Reduce” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $318.33.
ANSS has been the topic of several analyst reports. Rosenblatt Securities cut their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. StockNews.com began coverage on shares of ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating for the company. Finally, KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock.
Check Out Our Latest Analysis on ANSS
ANSYS Price Performance
ANSYS (NASDAQ:ANSS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Sell-side analysts forecast that ANSYS will post 7.32 EPS for the current fiscal year.
Insider Activity at ANSYS
In related news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On ANSYS
Institutional investors and hedge funds have recently made changes to their positions in the business. DT Investment Partners LLC grew its position in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of ANSYS in the 2nd quarter worth about $32,000. Rothschild Investment LLC bought a new position in shares of ANSYS during the 2nd quarter valued at about $38,000. Core Wealth Advisors Inc. bought a new stake in ANSYS in the 4th quarter worth approximately $40,000. Finally, Bangor Savings Bank boosted its stake in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors 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.
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