StockNews.com Initiates Coverage on ANSYS (NASDAQ:ANSS)

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a report published on Monday morning. The firm issued a hold rating on the software maker’s stock.

Several other equities research analysts also recently commented on the company. Mizuho reduced their price objective on ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a report on Wednesday, January 17th. Wolfe Research reiterated a peer perform rating on shares of ANSYS in a report on Wednesday, January 17th. Barclays lifted their price objective on ANSYS from $314.00 to $340.00 and gave the stock an underweight rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reiterated a neutral rating and issued a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, ANSYS has an average rating of Hold and a consensus target price of $322.75.

ANSYS Price Performance

Shares of NASDAQ:ANSS opened at $325.62 on Monday. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30. The business has a fifty day moving average price of $337.94 and a 200-day moving average price of $319.97. The company has a market capitalization of $28.43 billion, a PE ratio of 56.83, a PEG ratio of 5.26 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same period last year, the company earned $2.61 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that ANSYS will post 7.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.53% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wedmont Private Capital lifted its position in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after buying an additional 30 shares in the last quarter. Ieq Capital LLC lifted its position in shares of ANSYS by 1.2% during the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock valued at $1,035,000 after buying an additional 34 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock valued at $493,000 after buying an additional 34 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in ANSYS by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after purchasing an additional 35 shares in the last quarter. Finally, Wealth Alliance lifted its holdings in ANSYS by 2.4% in the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock worth $553,000 after purchasing an additional 36 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.