Ansys Inc. (NASDAQ:ANSS) shares fell 3.6% during trading on Tuesday . The company traded as low as $94.85 and last traded at $94.95, with a volume of 1,172,512 shares trading hands. The stock had previously closed at $98.50.

A number of research firms have recently commented on ANSS. Robert W. Baird restated a “buy” rating on shares of Ansys in a research note on Sunday, May 8th. KeyCorp reiterated a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Wedbush cut Ansys from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $91.00 to $86.00 in a research note on Friday, May 6th. Zacks Investment Research cut Ansys from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Finally, Goldman Sachs Group Inc. began coverage on Ansys in a research note on Thursday, May 26th. They set a “neutral” rating and a $90.00 price objective for the company. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Ansys presently has a consensus rating of “Hold” and a consensus price target of $90.83.

The firm has a 50-day moving average of $93.82 and a 200-day moving average of $89.50. The firm has a market capitalization of $8.29 billion and a PE ratio of 32.98.

Ansys (NASDAQ:ANSS) last released its earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $246.10 million for the quarter, compared to the consensus estimate of $244.84 million. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, equities analysts expect that Ansys Inc. will post $3.63 EPS for the current fiscal year.

In other news, CFO Maria T. Shields sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $88.00, for a total transaction of $3,080,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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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