Ansys Inc. (ANSS) Now Covered by Needham & Company LLC
Investment analysts at Needham & Company LLC assumed coverage on shares of Ansys Inc. (NASDAQ:ANSS) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.
Several other brokerages also recently commented on ANSS. Wedbush reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Ansys in a research report on Wednesday, August 31st. Zacks Investment Research upgraded Ansys from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Evercore ISI reiterated a “buy” rating on shares of Ansys in a report on Friday, September 16th. Barclays PLC increased their target price on Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. cut Ansys from a “neutral” rating to an “underweight” rating in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.13.
Ansys (NASDAQ:ANSS) opened at 94.01 on Tuesday. The firm has a market capitalization of $8.13 billion, a P/E ratio of 31.97 and a beta of 0.99. The company’s 50-day moving average is $90.70 and its 200-day moving average is $91.04. Ansys has a one year low of $80.51 and a one year high of $98.99.
Ansys (NASDAQ:ANSS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.92 by $0.03. The company earned $245.90 million during the quarter, compared to the consensus estimate of $249.89 million. Ansys had a net margin of 27.20% and a return on equity of 13.39%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. Equities analysts forecast that Ansys will post $3.62 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Bainco International Investors boosted its stake in Ansys by 2.0% in the third quarter. Bainco International Investors now owns 37,905 shares of the company’s stock worth $3,510,000 after buying an additional 746 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ansys by 4.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 91,007 shares of the company’s stock worth $8,428,000 after buying an additional 3,702 shares during the last quarter. Credit Suisse AG boosted its stake in Ansys by 14.5% in the third quarter. Credit Suisse AG now owns 216,321 shares of the company’s stock worth $20,033,000 after buying an additional 27,444 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Ansys by 45.9% in the third quarter. Ameritas Investment Partners Inc. now owns 39,283 shares of the company’s stock worth $3,637,000 after buying an additional 12,362 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Ansys during the third quarter worth approximately $461,000. Institutional investors own 94.00% of the company’s stock.
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Ansys Company Profile
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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