ANSYS (NASDAQ:ANSS) Earns Sector Weight Rating from Analysts at KeyCorp

KeyCorp began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Thursday morning, Benzinga reports. The brokerage issued a sector weight rating on the software maker’s stock.

Several other research analysts have also recently weighed in on ANSS. Rosenblatt Securities restated a neutral rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. StockNews.com initiated coverage on ANSYS in a research report on Wednesday, June 26th. They set a hold rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS presently has an average rating of Hold and an average price target of $320.00.

ANSYS Stock Down 0.1 %

NASDAQ ANSS opened at $321.50 on Thursday. The business has a fifty day moving average price of $324.93 and a 200 day moving average price of $332.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The company has a market cap of $28.07 billion, a P/E ratio of 64.56, a P/E/G ratio of 7.16 and a beta of 1.14. ANSYS has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS) last issued 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 business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. ANSYS’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. Research analysts anticipate that ANSYS will post 7.05 EPS for the current fiscal year.

Insider Activity at ANSYS

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

Institutional Investors Weigh In On ANSYS

Several hedge funds have recently made changes to their positions in ANSS. Treasurer of the State of North Carolina raised its holdings in ANSYS by 11.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after purchasing an additional 5,055 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at approximately $3,032,000. Ninety One North America Inc. grew its holdings in ANSYS by 49.3% during the fourth quarter. Ninety One North America Inc. now owns 29,863 shares of the software maker’s stock worth $10,837,000 after acquiring an additional 9,863 shares during the period. Sei Investments Co. raised its position in ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock worth $153,537,000 after acquiring an additional 66,338 shares in the last quarter. Finally, Thematics Asset Management raised its position in ANSYS by 25.0% in the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after acquiring an additional 18,173 shares in 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.