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

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given a consensus recommendation of “Buy” by the sixteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $194.33.

Several equities research analysts have recently issued reports on ANSS shares. BidaskClub cut Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Benchmark restated a “buy” rating and set a $210.00 price objective (up previously from $203.00) on shares of ANSYS in a report on Friday, May 3rd. Evercore ISI cut Cognizant Technology Solutions from an “outperform” rating to an “in-line” rating in a report on Thursday, May 2nd. Citigroup cut BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

In related news, VP Matthew C. Zack sold 1,116 shares of ANSYS stock in a transaction on Monday, April 29th. The stock was sold at an average price of $194.80, for a total value of $217,396.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William R. Mcdermott sold 1,765 shares of ANSYS stock in a transaction on Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The disclosure for this sale can be found here. Insiders sold 3,519 shares of company stock worth $656,325 in the last quarter. 1.11% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of ANSYS during the first quarter worth about $28,000. Flagship Harbor Advisors LLC lifted its stake in shares of ANSYS by 198.4% during the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock worth $33,000 after purchasing an additional 121 shares in the last quarter. Glassman Wealth Services increased its position in shares of ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock worth $38,000 after acquiring an additional 116 shares during the last quarter. Washington Trust Bank increased its position in shares of ANSYS by 43.8% during the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock worth $39,000 after acquiring an additional 64 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its position in shares of ANSYS by 47.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 397 shares of the software maker’s stock worth $57,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 94.13% of the company’s stock.

ANSS stock opened at $208.10 on Friday. ANSYS has a 52-week low of $136.80 and a 52-week high of $212.94. The business’s fifty day simple moving average is $200.69. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $17.47 billion, a PE ratio of 39.94 and a beta of 1.41.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. The business had revenue of $319.91 million for the quarter, compared to analysts’ expectations of $306.17 million. During the same quarter last year, the firm earned $1.22 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that ANSYS will post 5.07 EPS for the current year.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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