Ansys Inc. (ANSS) Hits New 1-Year High at $98.54
Ansys Inc. (NASDAQ:ANSS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $98.54 and last traded at $98.40, with a volume of 161,793 shares changing hands. The stock had previously closed at $97.55.
A number of brokerages recently commented on ANSS. Robert W. Baird restated a “buy” rating on shares of Ansys in a report on Sunday, May 8th. KeyCorp reiterated a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Barclays PLC lifted their price objective on Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded Ansys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $86.00 price objective on shares of Ansys in a research note on Thursday, July 28th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.50.
The firm has a market capitalization of $8.57 billion and a PE ratio of 34.12. The firm has a 50 day moving average of $92.67 and a 200-day moving average of $88.94.
Ansys (NASDAQ:ANSS) last released its earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The business earned $246.10 million during the quarter, compared to analyst estimates of $244.84 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Ansys Inc. will post $3.63 EPS for the current year.
In related news, CFO Maria T. Shields sold 35,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in Ansys stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Ansys Inc. (NASDAQ:ANSS) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,264 shares of the company’s stock after buying an additional 821 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD.’s holdings in Ansys were worth $1,042,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.