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

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research note released on Wednesday morning. The brokerage issued a hold rating on the software maker’s stock.

Several other analysts have also recently issued reports on ANSS. Mizuho dropped their target price on ANSYS from $350.00 to $330.00 and set a neutral rating on the stock in a research report on Wednesday, January 17th. Wolfe Research reaffirmed a peer perform rating on shares of ANSYS in a research report on Wednesday, January 17th. Rosenblatt Securities reiterated a neutral rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $320.00.

ANSYS Stock Up 1.6 %

NASDAQ:ANSS opened at $319.52 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.30. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a 50-day moving average of $335.57 and a 200 day moving average of $322.16. The firm has a market cap of $27.89 billion, a PE ratio of 64.16, a price-to-earnings-growth ratio of 4.93 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter in the prior year, the firm posted $1.45 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts anticipate that ANSYS will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Institutional Trading of ANSYS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in shares of ANSYS in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. raised its position in ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the last quarter. Quest Partners LLC acquired a new stake in ANSYS during the 4th quarter valued at approximately $29,000. DSM Capital Partners LLC purchased a new stake in shares of ANSYS in the 4th quarter valued at $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS in the fourth quarter worth $40,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

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.