ANSYS (NASDAQ:ANSS) issued its earnings results on Wednesday. The software maker reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.19, Morningstar.com reports. The firm had revenue of $293.00 million for the quarter, compared to the consensus estimate of $286.57 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. ANSYS updated its Q4 guidance to $1.39-1.55 EPS and its FY18 guidance to $5.25-5.41 EPS.
Shares of NASDAQ ANSS traded up $9.88 during mid-day trading on Thursday, hitting $169.68. 1,321,100 shares of the stock traded hands, compared to its average volume of 512,882. ANSYS has a twelve month low of $140.78 and a twelve month high of $190.45. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 46.90 and a beta of 1.29.
ANSS has been the topic of several recent research reports. BidaskClub downgraded ANSYS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Royal Bank of Canada raised their price objective on ANSYS to $180.00 and gave the company a “market perform” rating in a report on Monday, August 6th. Evercore ISI reissued a “hold” rating and set a $150.00 price objective on shares of ANSYS in a report on Monday, August 6th. Guggenheim initiated coverage on ANSYS in a report on Tuesday, August 7th. They set a “buy” rating and a $210.00 price objective on the stock. Finally, Berenberg Bank raised their price objective on ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $176.09.
A number of institutional investors and hedge funds have recently made changes to their positions in ANSS. Bartlett & Co. LLC acquired a new position in ANSYS during the 3rd quarter worth about $114,000. Fort L.P. bought a new position in shares of ANSYS in the 2nd quarter worth about $121,000. Piedmont Investment Advisors LLC bought a new position in shares of ANSYS in the 2nd quarter worth about $166,000. Steward Partners Investment Advisory LLC raised its position in shares of ANSYS by 338.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after acquiring an additional 803 shares in the last quarter. Finally, Emerald Advisers Inc. PA bought a new position in shares of ANSYS in the 3rd quarter worth about $201,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.
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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