ANSYS (NASDAQ:ANSS) Announces Earnings Results

ANSYS (NASDAQ:ANSS) announced its quarterly earnings data on Wednesday. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32), Zacks reports. ANSYS had a net margin of 22.62% and a return on equity of 12.96%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million.

ANSYS Trading Up 1.1 %

ANSS opened at $340.46 on Friday. The firm’s fifty day moving average is $342.81 and its two-hundred day moving average is $332.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm has a market cap of $29.77 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 3.51 and a beta of 1.12. ANSYS has a twelve month low of $289.82 and a twelve month high of $363.03.

Analyst Ratings Changes

A number of brokerages have issued reports on ANSS. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $348.33.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.46% 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.