Canaccord Genuity lifted their price target on shares of ANSYS (NASDAQ: ANSS) from $75.00 to $85.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock.

A number of other firms have also recently commented on ANSS. Analysts at Wedbush raised their price target on shares of ANSYS from $74.00 to $76.00 in a research note to investors on Monday, March 4th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies & Co. raised their price target on shares of ANSYS from $65.00 to $75.00 in a research note to investors on Monday, March 4th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of ANSYS in a research note to investors on Friday, March 1st. They now have a $75.00 price target on the stock, up previously from $65.00.

ANSYS traded up 0.44% on Monday, hitting $80.09. ANSYS has a 52-week low of $55.45 and a 52-week high of $79.79. The stock’s 50-day moving average is currently $75.27. The company has a market cap of $7.443 billion and a price-to-earnings ratio of 37.26.

ANSYS last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.05. The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $219.31 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. ANSYS has set its Q1 guidance at $0.67-0.70 EPS and its FY13 guidance at $3.00-3.12 EPS. Analysts expect that ANSYS will post $3.08 EPS for the current fiscal year.

ANSYS, Inc. (ANSYS) develops and globally markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense.

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