ANSYS (NASDAQ:ANSS) Earns Buy Rating from Analysts at Bank of America


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Bank of America started coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Monday, Analyst Price Targets reports. The firm issued a buy rating and a $400.00 price target on the software maker’s stock.

Several other equities analysts have also weighed in on ANSS. Credit Suisse Group decreased their target price on shares of ANSYS from $413.00 to $392.00 and set an outperform rating on the stock in a report on Thursday, March 4th. Royal Bank of Canada decreased their price objective on shares of ANSYS from $400.00 to $380.00 and set a sector perform rating on the stock in a report on Thursday, March 4th. Finally, Zacks Investment Research lowered shares of ANSYS from a hold rating to a strong sell rating and set a $286.00 price objective on the stock. in a report on Thursday, March 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $332.11.

NASDAQ:ANSS opened at $374.62 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $32.64 billion, a price-to-earnings ratio of 84.76 and a beta of 1.23. The company’s 50-day moving average is $337.27 and its two-hundred day moving average is $346.49. ANSYS has a 1-year low of $244.53 and a 1-year high of $413.19.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Tuesday, February 23rd. The software maker reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.42. The company had revenue of $627.77 million for the quarter, compared to analyst estimates of $564.55 million. ANSYS had a net margin of 24.88% and a return on equity of 12.09%. During the same period in the previous year, the business posted $2.24 EPS. As a group, equities analysts anticipate that ANSYS will post 4.95 earnings per share for the current fiscal year.

In other ANSYS news, SVP Shane Emswiler sold 1,130 shares of the stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $307.47, for a total value of $347,441.10. Following the sale, the senior vice president now directly owns 24,743 shares of the company’s stock, valued at approximately $7,607,730.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Janet Lee sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 7th. The shares were sold at an average price of $356.18, for a total transaction of $1,068,540.00. Following the completion of the sale, the vice president now directly owns 20,232 shares in the company, valued at $7,206,233.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,157 shares of company stock worth $5,941,768. 0.58% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of ANSYS by 0.5% in the 4th quarter. BlackRock Inc. now owns 7,452,280 shares of the software maker’s stock valued at $2,711,141,000 after purchasing an additional 34,336 shares during the last quarter. Aristotle Capital Management LLC grew its position in shares of ANSYS by 2.3% in the 4th quarter. Aristotle Capital Management LLC now owns 4,067,002 shares of the software maker’s stock valued at $1,479,575,000 after buying an additional 92,049 shares during the last quarter. FMR LLC grew its position in shares of ANSYS by 0.9% in the 4th quarter. FMR LLC now owns 3,085,141 shares of the software maker’s stock valued at $1,122,375,000 after buying an additional 26,913 shares during the last quarter. Ownership Capital B.V. grew its position in shares of ANSYS by 28.2% in the 4th quarter. Ownership Capital B.V. now owns 1,391,636 shares of the software maker’s stock valued at $126,959,000 after buying an additional 306,306 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of ANSYS by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,262,955 shares of the software maker’s stock valued at $459,462,000 after buying an additional 142,324 shares during the last quarter. 89.44% of the stock is currently owned by institutional investors.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; 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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