ANSYS (NASDAQ:ANSS) Research Coverage Started at StockNews.com

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

Several other brokerages also recently commented on ANSS. Mizuho reduced their target price on ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a research note on Wednesday, January 17th. Wolfe Research restated a peer perform rating on shares of ANSYS in a research note on Wednesday, January 17th. Barclays raised their target price on ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a research note on Thursday, February 22nd. Finally, Rosenblatt Securities restated a neutral rating and issued a $345.00 target price on shares of ANSYS in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $320.00.

ANSYS Stock Performance

ANSS stock opened at $333.75 on Tuesday. The stock has a 50-day moving average price of $336.80 and a 200-day moving average price of $321.39. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The firm has a market cap of $29.14 billion, a PE ratio of 58.25, a price-to-earnings-growth ratio of 5.15 and a beta of 1.16.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping 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 analyst estimates of $797.49 million. During the same period last year, the company posted $2.61 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that ANSYS will post 7.39 earnings per share for the current year.

Insider Buying and Selling at ANSYS

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

Hedge Funds Weigh In On ANSYS

A number of hedge funds have recently added to or reduced their stakes in ANSS. Wellington Management Group LLP lifted its position in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares in the last quarter. Norges Bank bought a new position in shares of ANSYS during the 4th quarter worth approximately $282,329,000. Alecta Tjanstepension Omsesidigt bought a new position in shares of ANSYS during the 4th quarter worth approximately $145,144,000. Comerica Bank lifted its position in shares of ANSYS by 1,922.9% during the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock worth $98,066,000 after buying an additional 313,285 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after buying an additional 220,200 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Company Profile

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.