Ansys Inc. (ANSS) Hits New 12-Month High at $98.54
Ansys Inc. (NASDAQ:ANSS) hit a new 52-week high on Tuesday . The stock traded as high as $98.54 and last traded at $98.40, with a volume of 161,793 shares traded. The stock had previously closed at $97.55.
ANSS has been the topic of several research analyst reports. Zacks Investment Research lowered Ansys from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Barclays PLC raised their target price on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Goldman Sachs Group Inc. initiated coverage on Ansys in a research report on Thursday, May 26th. They set a “neutral” rating and a $90.00 target price on the stock. Wedbush reissued a “neutral” rating and set a $86.00 target price on shares of Ansys in a research report on Thursday, July 28th. Finally, KeyCorp reissued a “hold” rating on shares of Ansys in a research report on Saturday, June 4th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $90.50.
The stock has a market cap of $8.61 billion and a P/E ratio of 34.28. The company has a 50-day moving average of $92.92 and a 200-day moving average of $89.00.
Ansys (NASDAQ:ANSS) last issued its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. During the same period in the previous year, the company earned $0.85 EPS. The company earned $246.10 million during the quarter, compared to analysts’ expectations of $244.84 million. Ansys’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Ansys Inc. will post $3.63 EPS for the current year.
In other news, CFO Maria T. Shields sold 35,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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