ANSYS (NASDAQ:ANSS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Sunday morning. The brokerage issued a hold rating on the software maker’s stock.

Several other equities analysts also recently issued reports on ANSS. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a neutral rating for the company in a report on Tuesday, August 6th. KeyCorp started coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a sector weight rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $318.33.

ANSYS Stock Up 0.9 %

Shares of ANSYS stock opened at $324.19 on Friday. The business has a 50-day moving average price of $315.47 and a 200 day moving average price of $324.81. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The firm has a market cap of $28.30 billion, a P/E ratio of 65.10, a P/E/G ratio of 6.80 and a beta of 1.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period last year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, sell-side analysts forecast that ANSYS will post 7.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in ANSYS by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after purchasing an additional 73,585 shares in the last quarter. Earnest Partners LLC increased its stake in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after acquiring an additional 15,012 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock worth $167,985,000 after acquiring an additional 22,836 shares in the last quarter. Sei Investments Co. boosted its position in ANSYS by 1.6% during the second quarter. Sei Investments Co. now owns 423,892 shares of the software maker’s stock valued at $136,281,000 after purchasing an additional 6,867 shares during the last quarter. Finally, CCLA Investment Management increased its position in ANSYS by 1.1% in the 2nd quarter. CCLA Investment Management now owns 398,560 shares of the software maker’s stock worth $128,081,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.