ANSYS (NASDAQ:ANSS) Sets New 12-Month High at $211.76

ANSYS, Inc. (NASDAQ:ANSS)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $211.76 and last traded at $211.30, with a volume of 336832 shares changing hands. The stock had previously closed at $209.55.

ANSS has been the topic of a number of recent research reports. Wedbush set a $9.00 price target on GameStop and gave the stock a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating and set a $210.00 price target (up previously from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. Citigroup downgraded BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. KeyCorp increased their price target on Ingersoll-Rand from $112.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $194.33.

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $17.58 billion, a PE ratio of 40.56 and a beta of 1.41. The company has a 50 day simple moving average of $196.03.

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

In other news, VP Matthew C. Zack sold 1,116 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was 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. Over the last quarter, insiders sold 3,519 shares of company stock valued at $656,325. 1.11% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Webster Bank N. A. grew its holdings in ANSYS by 7,101.9% during the second quarter. Webster Bank N. A. now owns 3,889 shares of the software maker’s stock worth $797,000 after acquiring an additional 3,835 shares during the period. Zions Bancorporation N.A. grew its holdings in ANSYS by 4.1% during the second quarter. Zions Bancorporation N.A. now owns 1,779 shares of the software maker’s stock worth $364,000 after acquiring an additional 70 shares during the period. Retirement Systems of Alabama grew its holdings in ANSYS by 0.3% during the second quarter. Retirement Systems of Alabama now owns 39,141 shares of the software maker’s stock worth $8,017,000 after acquiring an additional 133 shares during the period. KAMES CAPITAL plc grew its holdings in ANSYS by 1.3% during the second quarter. KAMES CAPITAL plc now owns 349,613 shares of the software maker’s stock worth $71,580,000 after acquiring an additional 4,365 shares during the period. Finally, DNB Asset Management AS grew its holdings in ANSYS by 1.9% during the second quarter. DNB Asset Management AS now owns 14,758 shares of the software maker’s stock worth $3,023,000 after acquiring an additional 276 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

About ANSYS (NASDAQ:ANSS)

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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