ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a report issued on Wednesday morning. The firm issued a hold rating on the software maker’s stock.

Separately, Rosenblatt Securities reaffirmed a neutral rating and issued a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ANSYS has a consensus rating of Hold and an average target price of $320.00.

ANSYS Stock Down 0.1 %

ANSS stock opened at $321.50 on Wednesday. The business’s 50-day moving average price is $324.93 and its 200-day moving average price is $332.71. The stock has a market cap of $28.07 billion, a P/E ratio of 64.56, a PEG ratio of 7.17 and a beta of 1.14. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The firm 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%. ANSYS’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. On average, equities research analysts forecast that ANSYS will post 7.05 EPS for the current year.

Insider Activity at ANSYS

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

Institutional Trading of ANSYS

A number of large investors have recently made changes to their positions in the business. Wedmont Private Capital increased its position in shares of ANSYS by 1.3% during the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock valued at $311,000 after buying an additional 32 shares in the last quarter. Ieq Capital LLC boosted its holdings in ANSYS by 1.2% in the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after acquiring an additional 34 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after acquiring an additional 34 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after acquiring an additional 35 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

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.