ANSYS, Inc. (NASDAQ:ANSS) Receives $323.63 Average Price Target from Analysts

ANSYS, Inc. (NASDAQ:ANSS) has earned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $323.63.

ANSS has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on ANSYS from $400.00 to $380.00 and set a “sector perform” rating for the company in a report on Thursday, March 4th. Zacks Investment Research downgraded ANSYS from a “hold” rating to a “strong sell” rating and set a $286.00 price target for the company. in a report on Thursday, March 4th. Finally, Credit Suisse Group reduced their target price on ANSYS from $413.00 to $392.00 and set an “outperform” rating for the company in a research note on Thursday, March 4th.

In other ANSYS news, SVP Shane Emswiler sold 5,549 shares of the company’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $392.69, for a total value of $2,179,036.81. Following the completion of the sale, the senior vice president now directly owns 27,746 shares in the company, valued at approximately $10,895,576.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Richard S. Mahoney sold 3,224 shares of the company’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $409.00, for a total value of $1,318,616.00. Following the completion of the sale, the senior vice president now owns 42,411 shares of the company’s stock, valued at $17,346,099. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,157 shares of company stock valued at $4,873,228. 0.58% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANSS. Perigon Wealth Management LLC purchased a new position in shares of ANSYS during the 4th quarter worth $32,000. CX Institutional grew its holdings in shares of ANSYS by 47.8% during the 4th quarter. CX Institutional now owns 102 shares of the software maker’s stock worth $37,000 after purchasing an additional 33 shares during the period. Hoover Financial Advisors Inc. purchased a new position in shares of ANSYS during the 4th quarter worth $37,000. BNC Wealth Management LLC purchased a new position in shares of ANSYS during the 3rd quarter worth $38,000. Finally, Sowell Financial Services LLC lifted its stake in ANSYS by 116.3% during the 4th quarter. Sowell Financial Services LLC now owns 106 shares of the software maker’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.

Shares of NASDAQ ANSS opened at $355.34 on Monday. The business’s 50 day moving average price is $341.43 and its 200 day moving average price is $344.24. The firm has a market cap of $30.96 billion, a P/E ratio of 80.39 and a beta of 1.23. ANSYS has a 52 week low of $234.21 and a 52 week high of $413.19. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Tuesday, February 23rd. The software maker reported $2.96 EPS for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.42. ANSYS had a return on equity of 12.09% and a net margin of 24.88%. The firm had revenue of $627.77 million for the quarter, compared to analyst estimates of $564.55 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. As a group, research analysts expect that ANSYS will post 4.95 earnings per share for the current year.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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