Robert W. Baird Issues Positive Forecast for ANSYS (NASDAQ:ANSS) Stock Price

ANSYS (NASDAQ:ANSS) had its target price lifted by research analysts at Robert W. Baird from $350.00 to $365.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Robert W. Baird’s price objective indicates a potential upside of 4.48% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday. Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $333.00.

ANSYS Trading Up 4.7 %

ANSYS stock traded up $15.73 during mid-day trading on Thursday, hitting $349.35. The company’s stock had a trading volume of 498,149 shares, compared to its average volume of 523,978. The stock has a market cap of $30.53 billion, a PE ratio of 61.67, a P/E/G ratio of 6.94 and a beta of 1.11. ANSYS has a one year low of $275.81 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a 50 day moving average of $320.75 and a 200-day moving average of $321.58.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.72. The company had revenue of $601.89 million during the quarter, compared to the consensus estimate of $531.07 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. On average, research analysts anticipate that ANSYS will post 7.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On ANSYS

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of ANSYS by 0.7% during the first quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock worth $3,553,058,000 after purchasing an additional 73,585 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of ANSYS by 2.5% during the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after purchasing an additional 15,012 shares during the period. Impax Asset Management Group plc grew its position in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in ANSYS by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker’s stock valued at $167,985,000 after acquiring an additional 22,836 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.