ANSYS (ANSS) Receiving Somewhat Positive Press Coverage, Report Finds
News coverage about ANSYS (NASDAQ:ANSS) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ANSYS earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.5581413742536 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- State of Tennessee Treasury Department Sells 5,304 Shares of ANSYS, Inc. (ANSS) (americanbankingnews.com)
- Carillon Tower Advisers Inc. Invests $2.28 Million in ANSYS, Inc. (ANSS) (americanbankingnews.com)
- Standard Life Aberdeen plc Cuts Holdings in ANSYS, Inc. (ANSS) (americanbankingnews.com)
- Suntrust Banks Inc. Has $2.56 Million Holdings in ANSYS, Inc. (ANSS) (americanbankingnews.com)
- Report: Developing Opportunities within Main Street Capital, United States Cellular, FibroGen, Cardiovascular, CDW, and ANSYS — Future Expectations, Projections Moving into 2018 (finance.yahoo.com)
Several brokerages recently commented on ANSS. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research report on Wednesday. Wedbush restated a “neutral” rating and issued a $136.00 price target (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. BidaskClub downgraded shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 24th. Finally, ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $132.00.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. ANSYS had a net margin of 23.67% and a return on equity of 13.77%. The company had revenue of $302.34 million during the quarter, compared to the consensus estimate of $290.66 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. research analysts predict that ANSYS will post 4.41 earnings per share for the current fiscal year.
ANSYS announced that its board has initiated a share repurchase program on Wednesday, February 21st that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, VP Richard S. Mahoney sold 8,527 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,566 shares of company stock worth $4,545,460. 1.30% of the stock is currently owned by company insiders.
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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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