Ansys Inc. (ANSS) Shares Gap Up to $95.93
Ansys Inc. (NASDAQ:ANSS) gapped up prior to trading on Thursday . The stock had previously closed at $95.88, but opened at $95.93. Ansys shares last traded at $96.32, with a volume of 177,374 shares trading hands.
ANSS has been the subject of several research analyst reports. Robert W. Baird reissued a “buy” rating on shares of Ansys in a report on Sunday, May 8th. Barclays PLC upped their price target on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. KeyCorp restated a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Zacks Investment Research upgraded Ansys from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wedbush restated a “neutral” rating and set a $86.00 price target on shares of Ansys in a research note on Thursday, July 28th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $90.50.
The firm has a market capitalization of $8.43 billion and a PE ratio of 33.57. The stock has a 50-day moving average of $90.80 and a 200-day moving average of $88.28.
Ansys (NASDAQ:ANSS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $244.84 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Ansys’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Ansys Inc. will post $3.63 EPS for the current fiscal year.
In other news, CFO Maria T. Shields sold 35,000 shares of Ansys stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $88.00, for a total value of $3,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds and institutional investors have recently modified their holdings of ANSS. 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 during the last quarter. State of Tennessee Treasury Department raised its position in shares of Ansys by 132.2% in the fourth quarter. State of Tennessee Treasury Department now owns 52,700 shares of the company’s stock valued at $4,875,000 after buying an additional 30,000 shares during the last quarter. US Bancorp DE raised its position in shares of Ansys by 5.5% in the fourth quarter. US Bancorp DE now owns 61,898 shares of the company’s stock valued at $5,726,000 after buying an additional 3,252 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Ansys by 12.4% in the fourth quarter. Advisors Asset Management Inc. now owns 38,738 shares of the company’s stock valued at $3,583,000 after buying an additional 4,269 shares during the last quarter. Finally, 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 during 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.
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