ANSYS (NASDAQ:ANSS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently weighed in on ANSS. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Wedbush reiterated a “neutral” rating and issued a $168.00 target price (down from $180.00) on shares of ANSYS in a research note on Thursday, September 6th. Evercore ISI reiterated a “hold” rating and issued a $150.00 target price on shares of ANSYS in a research note on Monday, August 6th. Royal Bank of Canada boosted their target price on shares of ANSYS to $180.00 and gave the company a “market perform” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research cut shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. ANSYS currently has a consensus rating of “Hold” and an average price target of $172.20.

Shares of ANSS stock opened at $143.51 on Friday. ANSYS has a 52-week low of $132.95 and a 52-week high of $190.45. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 39.75 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last released its earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.25. The firm had revenue of $308.90 million for the quarter, compared to analysts’ expectations of $288.26 million. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, equities analysts predict that ANSYS will post 4.54 earnings per share for the current fiscal year.

In related news, insider Ajei Gopal sold 9,609 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $186.35, for a total transaction of $1,790,637.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara Vaughn Scherer sold 2,454 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $187.99, for a total transaction of $461,327.46. The disclosure for this sale can be found here. Insiders have sold a total of 49,350 shares of company stock worth $8,694,511 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. lifted its stake in shares of ANSYS by 8.0% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 4,305 shares of the software maker’s stock valued at $804,000 after buying an additional 320 shares in the last quarter. Cue Financial Group Inc. lifted its stake in shares of ANSYS by 2.7% during the 2nd quarter. Cue Financial Group Inc. now owns 13,797 shares of the software maker’s stock valued at $2,403,000 after buying an additional 365 shares in the last quarter. Comerica Bank lifted its stake in shares of ANSYS by 1.2% during the 2nd quarter. Comerica Bank now owns 33,939 shares of the software maker’s stock valued at $6,131,000 after buying an additional 406 shares in the last quarter. BB&T Corp lifted its stake in shares of ANSYS by 2.2% during the 2nd quarter. BB&T Corp now owns 18,904 shares of the software maker’s stock valued at $3,293,000 after buying an additional 413 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in shares of ANSYS by 25.5% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,094 shares of the software maker’s stock valued at $365,000 after buying an additional 426 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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