ANSYS (NASDAQ:ANSS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Monday. The firm issued a hold rating on the software maker’s stock.

Several other research firms also recently issued reports on ANSS. Rosenblatt Securities restated a neutral rating and set a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a sector weight rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $318.33.

ANSYS Trading Up 3.4 %

Shares of ANSS opened at $309.06 on Monday. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 62.06, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.80. The firm has a 50 day simple moving average of $319.77 and a 200-day simple moving average of $328.88. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period in the prior year, the business posted $1.06 earnings per share. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts forecast that ANSYS will post 7.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of institutional investors have recently bought and sold shares of ANSS. Quest Partners LLC bought a new stake in ANSYS in the fourth quarter worth approximately $29,000. DT Investment Partners LLC boosted its holdings 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 purchasing an additional 80 shares in the last quarter. DSM Capital Partners LLC bought a new stake in ANSYS in the fourth quarter worth $34,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter worth $38,000. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS during the fourth quarter valued at about $40,000. Institutional investors and hedge funds 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.