Ansys Inc. (ANSS) Sees Unusually-High Trading Volume
Ansys Inc. (NASDAQ:ANSS) saw an uptick in trading volume on Thursday . 454,199 shares changed hands during trading, a decline of 3% from the previous session’s volume of 469,359 shares.The stock last traded at $95.05 and had previously closed at $95.09.
Several brokerages recently issued reports on ANSS. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Ansys in a research note on Wednesday. Zacks Investment Research raised shares of Ansys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Barclays PLC increased their price target on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. KeyCorp reaffirmed a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Finally, Goldman Sachs Group Inc. started coverage on shares of Ansys in a research note on Thursday, May 26th. They set a “neutral” rating and a $90.00 price target on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $90.83.
The firm has a market cap of $8.25 billion and a price-to-earnings ratio of 32.83. The company’s 50-day moving average price is $93.92 and its 200 day moving average price is $89.54.
Ansys (NASDAQ:ANSS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, analysts forecast that Ansys Inc. will post $3.63 earnings per share for the current year.
In other news, CFO Maria T. Shields sold 35,000 shares of Ansys stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $88.00, for a total value of $3,080,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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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