ANSYS (NASDAQ:ANSS) Hits New 12-Month High at $256.41

ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $256.41 and last traded at $255.55, with a volume of 6082 shares changing hands. The stock had previously closed at $252.99.

ANSS has been the subject of a number of research analyst reports. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating and set a $235.00 target price for the company. in a research note on Monday, October 14th. JPMorgan Chase & Co. raised ANSYS from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $190.00 to $228.00 in a report on Wednesday, September 11th. ValuEngine cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Griffin Securities upgraded ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective for the company in a research note on Friday, September 13th. Finally, BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $228.00.

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market capitalization of $21.61 billion, a PE ratio of 49.26 and a beta of 1.42. The firm’s fifty day simple moving average is $233.09 and its 200 day simple moving average is $213.09.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.42. The business had revenue of $343.90 million during the quarter, compared to analyst estimates of $334.40 million. ANSYS had a return on equity of 16.65% and a net margin of 30.35%. The company’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. On average, equities research analysts anticipate that ANSYS, Inc. will post 5.26 EPS for the current fiscal year.

In other news, VP Shane Emswiler sold 990 shares of ANSYS stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $235.28, for a total transaction of $232,927.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Janet Lee sold 1,174 shares of ANSYS stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $215.26, for a total transaction of $252,715.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,591 shares of company stock worth $814,423. 1.11% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ANSS. Commonwealth Equity Services LLC boosted its stake in shares of ANSYS by 7.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,146 shares of the software maker’s stock worth $439,000 after acquiring an additional 153 shares in the last quarter. Strs Ohio boosted its position in ANSYS by 13.8% during the second quarter. Strs Ohio now owns 14,474 shares of the software maker’s stock worth $2,964,000 after purchasing an additional 1,752 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in ANSYS during the second quarter worth approximately $224,000. Cambridge Trust Co. purchased a new position in ANSYS during the second quarter worth approximately $221,000. Finally, SG Americas Securities LLC grew its holdings in ANSYS by 320.5% in the second quarter. SG Americas Securities LLC now owns 18,273 shares of the software maker’s stock valued at $3,743,000 after purchasing an additional 13,927 shares during the period. Institutional investors own 94.08% 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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