Ansys Inc. (ANSS) Downgraded by Zacks Investment Research to Sell
According to Zacks, “ANSYS, Inc., develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. “
ANSS has been the subject of several other reports. Evercore ISI started coverage on shares of Ansys in a research note on Wednesday, September 14th. They issued a hold rating and a $90.00 target price for the company. Wedbush restated a neutral rating and issued a $88.00 target price on shares of Ansys in a research note on Wednesday, August 31st. Finally, Barclays PLC raised their target price on shares of Ansys from $86.00 to $94.00 and gave the company an equal weight rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $90.71.
Shares of Ansys (NASDAQ:ANSS) opened at 91.40 on Tuesday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 31.73 and a beta of 0.99. Ansys has a 1-year low of $80.51 and a 1-year high of $98.99. The stock has a 50 day moving average price of $94.01 and a 200 day moving average price of $90.69.
Ansys (NASDAQ:ANSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The company had revenue of $246.10 million for the quarter, compared to analyst estimates of $244.84 million. Ansys had a net margin of 27.06% and a return on equity of 13.33%. Ansys’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities research analysts anticipate that Ansys will post $3.62 EPS for the current year.
Several large investors have recently bought and sold shares of ANSS. State Street Corp increased its stake in Ansys by 0.7% in the first quarter. State Street Corp now owns 2,845,079 shares of the company’s stock valued at $254,537,000 after buying an additional 18,389 shares during the last quarter. Credit Agricole S A boosted its position in shares of Ansys by 5.3% in the first quarter. Credit Agricole S A now owns 13,435 shares of the company’s stock valued at $1,203,000 after buying an additional 680 shares during the period. M&T Bank Corp boosted its position in shares of Ansys by 80.0% in the first quarter. M&T Bank Corp now owns 22,127 shares of the company’s stock valued at $1,978,000 after buying an additional 9,834 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Ansys by 1.4% in the first quarter. Champlain Investment Partners LLC now owns 418,360 shares of the company’s stock valued at $37,426,000 after buying an additional 5,850 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Ansys by 11.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 14,700 shares of the company’s stock valued at $1,315,000 after buying an additional 1,486 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
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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