Ansys Inc. (ANSS) Sees Strong Trading Volume
Shares of Ansys Inc. (NASDAQ:ANSS) saw unusually-strong trading volume on Monday . Approximately 522,415 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 416,466 shares.The stock last traded at $90.06 and had previously closed at $89.36.
Several analysts have recently issued reports on ANSS shares. Zacks Investment Research lowered shares of Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Wedbush reiterated a “neutral” rating and issued a $86.00 target price on shares of Ansys in a research note on Friday, June 3rd. Goldman Sachs Group Inc. started coverage on shares of Ansys in a research note on Thursday, May 26th. They issued a “neutral” rating and a $90.00 target price for the company. KeyCorp reiterated a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Ansys in a research note on Sunday, May 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Ansys presently has a consensus rating of “Hold” and a consensus target price of $92.29.
The firm’s 50-day moving average is $89.54 and its 200-day moving average is $87.85. The company has a market capitalization of $7.96 billion and a P/E ratio of 32.49.
Ansys (NASDAQ:ANSS) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The company earned $225.90 million during the quarter, compared to the consensus estimate of $228.51 million. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Equities research analysts forecast that Ansys Inc. will post $3.56 EPS for the current year.
In other Ansys news, CFO Maria T. Shields sold 35,000 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $88.00, for a total transaction of $3,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of institutional investors have recently made changes to their positions in ANSS. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Ansys by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 11,264 shares of the company’s stock valued at $1,042,000 after buying an additional 821 shares in the last quarter. KBC Group NV raised its position in shares of Ansys by 40.7% in the fourth quarter. KBC Group NV now owns 11,868 shares of the company’s stock valued at $1,098,000 after buying an additional 3,431 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ansys during the fourth quarter valued at approximately $1,249,000. MUFG Americas raised its position in shares of Ansys by 11.1% in the third quarter. MUFG Americas now owns 30,514 shares of the company’s stock valued at $2,689,000 after buying an additional 3,039 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Ansys by 268.7% in the fourth quarter. Bank of Montreal Can now owns 31,148 shares of the company’s stock valued at $2,881,000 after buying an additional 22,700 shares in the last quarter.
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.