ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Rating of “Reduce” from Analysts

Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given a consensus rating of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $320.00.

Several analysts have commented on ANSS shares. StockNews.com started coverage on shares of ANSYS in a research report on Wednesday. They set a “hold” rating for the company. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price target on shares of ANSYS in a research report on Friday, May 3rd. Finally, KeyCorp started coverage on shares of ANSYS in a research report on Thursday. They set a “sector weight” rating for the company.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ANSYS

A number of hedge funds and other institutional investors have recently made changes to their positions in ANSS. CVA Family Office LLC acquired a new stake in shares of ANSYS during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its stake in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the period. Quest Partners LLC acquired a new stake in ANSYS in the 4th quarter valued at $29,000. DSM Capital Partners LLC acquired a new stake in ANSYS in the 4th quarter valued at $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in ANSYS in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Down 0.1 %

Shares of ANSYS stock opened at $321.50 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The firm’s 50-day moving average is $324.93 and its two-hundred day moving average is $332.71. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 64.56, a PEG ratio of 7.17 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, research analysts expect that ANSYS will post 7.05 earnings per share for the current fiscal year.

ANSYS Company Profile

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.