ANSYS (NASDAQ:ANSS) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

A number of other analysts have also issued reports on the stock. KeyCorp initiated coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating for the company. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. 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 Down 0.8 %

NASDAQ ANSS opened at $309.64 on Friday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $323.30 and a two-hundred day moving average of $330.54. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 62.18, a PEG ratio of 6.95 and a beta of 1.11. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). The company had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, analysts predict that ANSYS will post 7.05 earnings per share for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ANSYS

A number of large investors have recently added to or reduced their stakes in the company. Wedmont Private Capital raised its holdings in ANSYS by 1.3% in the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after purchasing an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of ANSYS by 3.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after acquiring an additional 32 shares during the last quarter. Ieq Capital LLC grew its stake in shares of ANSYS by 1.2% during the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after acquiring an additional 34 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of ANSYS by 2.6% during the fourth quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after acquiring an additional 34 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after acquiring an additional 35 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

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.