Ansys Inc. (NASDAQ:ANSS) Receives $90.83 Average Target Price from Analysts
Ansys Inc. (NASDAQ:ANSS) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $90.83.
Several research firms have recently weighed in on ANSS. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Ansys in a report on Wednesday, August 31st. Zacks Investment Research raised Ansys from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Evercore ISI reissued a “buy” rating on shares of Ansys in a report on Friday, September 16th. Finally, Barclays PLC increased their price objective on Ansys from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, August 5th.
Several large investors have recently modified their holdings of the company. Panagora Asset Management Inc. increased its stake in Ansys by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 1,125 shares of the company’s stock worth $102,000 after buying an additional 225 shares during the period. FineMark National Bank & Trust increased its stake in Ansys by 76.6% in the second quarter. FineMark National Bank & Trust now owns 1,187 shares of the company’s stock worth $108,000 after buying an additional 515 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Ansys during the second quarter worth approximately $118,000. Invictus RG acquired a new stake in Ansys during the first quarter worth approximately $137,000. Finally, Pacer Advisors Inc. increased its stake in Ansys by 8.9% in the second quarter. Pacer Advisors Inc. now owns 1,511 shares of the company’s stock worth $137,000 after buying an additional 123 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Ansys (NASDAQ:ANSS) opened at 91.40 on Wednesday. Ansys has a one year low of $80.51 and a one year high of $98.99. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 31.73 and a beta of 0.99. The company has a 50-day moving average of $94.01 and a 200 day moving average of $90.69.
Ansys (NASDAQ:ANSS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The business earned $246.10 million during the quarter, compared to the consensus estimate of $244.84 million. Ansys had a return on equity of 13.33% and a net margin of 27.06%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts forecast that Ansys will post $3.62 earnings per share for the current fiscal year.
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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