ANSYS, Inc. (ANSS) Stock Rating Reaffirmed by J P Morgan Chase & Co
ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “sell” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a report released on Tuesday. They currently have a $98.00 target price on the software maker’s stock. J P Morgan Chase & Co’s target price points to a potential downside of 20.71% from the company’s current price.
ANSS has been the subject of a number of other reports. Evercore ISI reissued a “hold” rating and issued a $113.00 target price on shares of ANSYS in a research report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) started coverage on ANSYS in a research report on Monday, July 17th. They issued a “neutral” rating and a $112.00 target price for the company. Barclays PLC decreased their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday. Berenberg Bank started coverage on ANSYS in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $123.00 target price for the company. Finally, Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has a consensus rating of “Hold” and a consensus target price of $113.65.
ANSYS (NASDAQ ANSS) traded down 0.09% during midday trading on Tuesday, hitting $123.48. The company had a trading volume of 522,093 shares. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 39.68 and a beta of 1.07. ANSYS has a 12 month low of $82.28 and a 12 month high of $132.74. The firm has a 50-day moving average price of $126.96 and a 200-day moving average price of $119.36.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Equities analysts anticipate that ANSYS will post $3.86 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Achmea Investment Management B.V. acquired a new stake in shares of ANSYS in the 2nd quarter valued at approximately $229,000. Sentry Investment Management LLC purchased a new position in ANSYS in the 2nd quarter valued at approximately $788,000. Toronto Dominion Bank increased its stake in ANSYS by 326.9% in the 2nd quarter. Toronto Dominion Bank now owns 36,052 shares of the software maker’s stock valued at $4,388,000 after purchasing an additional 27,606 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in ANSYS by 8.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 2,700 shares of the software maker’s stock valued at $329,000 after purchasing an additional 210 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in ANSYS by 25.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,107 shares of the software maker’s stock valued at $256,000 after purchasing an additional 431 shares in the last quarter. 96.78% of the stock is owned by institutional investors and hedge funds.
ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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