Ansys Inc. (ANSS) Sees Large Volume Increase
Ansys Inc. (NASDAQ:ANSS) shares saw strong trading volume on Thursday . 454,199 shares traded hands during mid-day 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.
A number of equities research analysts have recently weighed in on the stock. Wedbush lowered shares of Ansys from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $91.00 to $86.00 in a report on Friday, May 6th. Robert W. Baird restated a “buy” rating on shares of Ansys in a report on Sunday, May 8th. Barclays PLC raised their price objective on shares of Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Ansys from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Ansys in a report on Thursday, May 26th. They issued a “neutral” rating and a $90.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.83.
The stock has a 50-day moving average of $94.05 and a 200 day moving average of $89.58. The firm has a market cap of $8.34 billion and a P/E ratio of 33.20.
Ansys (NASDAQ:ANSS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $244.84 million. Ansys’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Ansys Inc. will post $3.63 earnings per share for the current fiscal year.
In other Ansys news, CFO Maria T. Shields sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $88.00, for a total transaction of $3,080,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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