Shares of ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) have been assigned an average recommendation of "Reduce" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $318.33.
ANSS has been the subject of a number of research reports. Rosenblatt Securities cut their target price on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. StockNews.com initiated coverage on shares of ANSYS in a research report on Sunday, September 22nd. They issued a "hold" rating for the company.
Check Out Our Latest Analysis on ANSYS
In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Bangor Savings Bank increased its position in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Wasatch Advisors LP increased its position in shares of ANSYS by 1.8% in the first quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker's stock worth $723,000 after acquiring an additional 36 shares in the last quarter. Gardner Lewis Asset Management L P increased its position in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock worth $699,000 after acquiring an additional 40 shares in the last quarter. Mission Wealth Management LP increased its position in shares of ANSYS by 5.7% in the first quarter. Mission Wealth Management LP now owns 758 shares of the software maker's stock worth $263,000 after acquiring an additional 41 shares in the last quarter. Finally, PFG Advisors increased its position in shares of ANSYS by 0.4% in the second quarter. PFG Advisors now owns 12,316 shares of the software maker's stock worth $3,960,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.
ANSS stock opened at $322.81 on Friday. The company has a market cap of $28.18 billion, a P/E ratio of 64.82, a P/E/G ratio of 6.99 and a beta of 1.11. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31. The company's 50-day moving average price is $320.44 and its 200 day moving average price is $322.14. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to analysts' expectations of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 earnings per share. On average, research analysts expect that ANSYS will post 7.32 earnings per share for the current fiscal year.
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.
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