ANSYS, Inc. (ANSS) Given “Neutral” Rating at Wedbush
Wedbush reiterated their neutral rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research note released on Friday. They currently have a $114.00 price objective on the software maker’s stock, down from their previous price objective of $136.00.
A number of other brokerages also recently weighed in on ANSS. Goldman Sachs Group, Inc. (The) started coverage on ANSYS in a report on Monday, July 17th. They set a neutral rating and a $112.00 price target on the stock. KeyCorp reiterated a hold rating on shares of ANSYS in a report on Friday, September 29th. Robert W. Baird set a $130.00 price target on ANSYS and gave the company a buy rating in a report on Monday, August 28th. Berenberg Bank started coverage on ANSYS in a report on Wednesday, August 23rd. They set a hold rating and a $123.00 price target on the stock. Finally, Evercore ISI restated a hold rating and issued a $113.00 target price on shares of ANSYS in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $126.18.
Shares of ANSYS (NASDAQ:ANSS) traded up $0.42 during mid-day trading on Friday, hitting $149.10. The stock had a trading volume of 747,257 shares, compared to its average volume of 416,449. The firm has a market cap of $12,652.63, a PE ratio of 42.60 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business had revenue of $276.77 million for the quarter, compared to the consensus estimate of $263.77 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. ANSYS’s revenue for the quarter was up 12.6% compared to the same quarter last year. sell-side analysts expect that ANSYS will post 3.7 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of ANSS. Vanguard Group Inc. boosted its stake in shares of ANSYS by 21.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock worth $1,033,807,000 after acquiring an additional 1,520,201 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of ANSYS during the 2nd quarter worth about $971,000. State Street Corp boosted its stake in shares of ANSYS by 20.9% during the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after acquiring an additional 607,765 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ANSYS by 19.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after acquiring an additional 165,174 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of ANSYS during the 2nd quarter worth about $16,881,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
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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