Shares of Ansys Inc. (NASDAQ:ANSS) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $90.14.

A number of equities analysts recently issued reports on the stock. Pacific Crest reiterated a “hold” rating on shares of Ansys in a research report on Friday, November 4th. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of Ansys in a research report on Friday, November 4th. Zacks Investment Research cut shares of Ansys from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. JPMorgan Chase & Co. cut shares of Ansys from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 3rd. Finally, Evercore ISI restated a “buy” rating on shares of Ansys in a research report on Friday, September 16th.

Several large investors have recently bought and sold shares of ANSS. Hartford Investment Management Co. boosted its stake in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock valued at $225,000 after buying an additional 56 shares during the period. GW&K Investment Management LLC boosted its stake in Ansys by 7.4% in the second quarter. GW&K Investment Management LLC now owns 215,725 shares of the company’s stock valued at $19,577,000 after buying an additional 14,837 shares during the period. Intermede Investment Partners Ltd boosted its stake in Ansys by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 510,425 shares of the company’s stock valued at $46,321,000 after buying an additional 10,435 shares during the period. Geode Capital Management LLC boosted its stake in Ansys by 6.6% in the first quarter. Geode Capital Management LLC now owns 604,864 shares of the company’s stock valued at $54,087,000 after buying an additional 37,332 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Ansys by 16.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 312,561 shares of the company’s stock valued at $28,365,000 after buying an additional 43,011 shares during the period. Institutional investors own 95.97% of the company’s stock.

Shares of Ansys (NASDAQ:ANSS) opened at 88.90 on Wednesday. The company has a 50-day moving average of $90.46 and a 200 day moving average of $90.84. The company has a market capitalization of $7.69 billion, a PE ratio of 30.23 and a beta of 0.99. Ansys has a 52-week low of $80.51 and a 52-week high of $98.99.

Ansys (NASDAQ:ANSS) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. The business earned $245.90 million during the quarter, compared to analysts’ expectations of $249.89 million. Ansys had a net margin of 27.20% and a return on equity of 13.39%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. Analysts predict that Ansys will post $3.61 earnings per share for the current year.

About Ansys

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.

5 Day Chart for NASDAQ:ANSS

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