ANSYS, Inc. (NASDAQ:ANSS) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned an average recommendation of “Reduce” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $318.33.

A number of research firms have issued reports on ANSS. Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, StockNews.com initiated coverage on shares of ANSYS in a research note on Tuesday, August 13th. They issued a “hold” rating for the company.

Insider Buying and Selling

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

Institutional Trading of ANSYS

Several institutional investors and hedge funds have recently modified their holdings of ANSS. Prime Capital Investment Advisors LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $200,000. International Assets Investment Management LLC acquired a new stake in ANSYS in the fourth quarter valued at approximately $446,400,000. Allspring Global Investments Holdings LLC grew its holdings in ANSYS by 42.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,089 shares of the software maker’s stock worth $18,176,000 after purchasing an additional 14,856 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of ANSYS by 97.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,955 shares of the software maker’s stock worth $709,000 after purchasing an additional 964 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of ANSYS by 426.5% during the fourth quarter. Cerity Partners LLC now owns 5,707 shares of the software maker’s stock worth $2,071,000 after purchasing an additional 4,623 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.1 %

Shares of ANSS opened at $325.48 on Monday. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.41 billion, a PE ratio of 65.36, a price-to-earnings-growth ratio of 6.90 and a beta of 1.11. The business’s 50 day moving average is $319.51 and its 200 day moving average is $328.06.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. Research analysts expect that ANSYS will post 7.05 earnings per share for the current fiscal year.

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.