ANSYS’s (ANSS) Neutral Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of ANSYS (NASDAQ:ANSS) in a research report sent to investors on Friday, Benzinga reports. They currently have a $345.00 price target on the software maker’s stock.

A number of other research firms also recently issued reports on ANSS. Barclays boosted their target price 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. StockNews.com began coverage on ANSYS in a report on Wednesday, May 1st. They issued a hold rating for the company. Mizuho dropped their price objective on shares of ANSYS from $350.00 to $330.00 and set a neutral rating on the stock in a research note on Wednesday, January 17th. Finally, Wolfe Research reiterated a peer perform rating on shares of ANSYS in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, ANSYS has a consensus rating of Hold and an average price target of $320.00.

ANSYS Trading Up 0.6 %

NASDAQ:ANSS opened at $321.59 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $335.28 and a 200-day simple moving average of $322.81. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a market capitalization of $28.07 billion, a P/E ratio of 64.58, a PEG ratio of 5.01 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 earnings per share 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 firm had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that ANSYS will post 7.39 earnings per share for the current year.

Insider Activity

In related 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 value of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of ANSYS by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock worth $3,687,244,000 after purchasing an additional 132,206 shares during the last quarter. Bamco Inc. NY boosted its stake in ANSYS by 0.6% during the third quarter. Bamco Inc. NY now owns 2,002,717 shares of the software maker’s stock worth $595,908,000 after buying an additional 11,774 shares during the last quarter. Franklin Resources Inc. grew its holdings in ANSYS by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after buying an additional 27,893 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of ANSYS by 167.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after acquiring an additional 805,657 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of ANSYS by 3.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,265,371 shares of the software maker’s stock worth $376,511,000 after acquiring an additional 46,628 shares during the period. Hedge funds and other institutional investors 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.