Ansys Inc. (ANSS) Rating Reiterated by Evercore ISI
Ansys Inc. (NASDAQ:ANSS)‘s stock had its “buy” rating restated by stock analysts at Evercore ISI in a research note issued to investors on Friday.
Other research analysts also recently issued research reports about the stock. Barclays PLC increased their price objective on shares of Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. KeyCorp restated a “hold” rating on shares of Ansys in a research report on Saturday, June 4th. Zacks Investment Research upgraded shares of Ansys from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Ansys in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Ansys in a research report on Thursday, May 26th. They set a “neutral” rating and a $90.00 target price on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $90.71.
Shares of Ansys (NASDAQ:ANSS) opened at 92.12 on Friday. The firm’s 50-day moving average price is $95.07 and its 200 day moving average price is $90.22. Ansys has a 52-week low of $80.51 and a 52-week high of $98.99. The company has a market capitalization of $8.03 billion, a PE ratio of 31.98 and a beta of 1.01.
Ansys (NASDAQ:ANSS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The business earned $246.10 million during the quarter, compared to the consensus estimate of $244.84 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Ansys will post $3.62 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. raised its position in shares of Ansys by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 1,125 shares of the company’s stock worth $102,000 after buying an additional 225 shares during the period. FineMark National Bank & Trust raised its position in shares of Ansys by 76.6% in the second quarter. FineMark National Bank & Trust now owns 1,187 shares of the company’s stock worth $108,000 after buying an additional 515 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ansys during the second quarter worth approximately $118,000. Invictus RG bought a new position in shares of Ansys during the first quarter worth approximately $137,000. Finally, Pacer Advisors Inc. raised its position in shares of Ansys by 8.9% in the second quarter. Pacer Advisors Inc. now owns 1,511 shares of the company’s stock worth $137,000 after buying an additional 123 shares during the period. 97.25% of the stock is currently owned by institutional investors.
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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