ANSYS (ANSS) Releases Earnings Results

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.

In other ANSYS news, Director Alec D. Gallimore sold 276 shares of ANSYS stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total transaction of $47,957.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Cashman III sold 30,000 shares of ANSYS stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $171.39, for a total value of $5,141,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,350 shares of company stock worth $8,631,756. 1.10% of the stock is currently owned by company insiders.

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.

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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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Earnings History for ANSYS (NASDAQ:ANSS)

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