ANSYS, Inc. (ANSS) Given a $130.00 Price Target at Robert W. Baird
ANSS has been the topic of a number of other reports. Zacks Investment Research raised shares of ANSYS from a sell rating to a hold rating in a research report on Monday, May 8th. BidaskClub downgraded shares of ANSYS from a buy rating to a hold rating in a research report on Saturday, June 17th. Evercore ISI set a $113.00 price objective on shares of ANSYS and gave the company a hold rating in a research report on Saturday, June 10th. Wedbush reduced their price objective on shares of ANSYS from $114.00 to $101.00 and set a neutral rating on the stock in a research report on Monday, May 15th. Finally, Barclays PLC reissued an underweight rating and set a $115.00 price objective (up from $96.00) on shares of ANSYS in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has a consensus rating of Hold and a consensus price target of $109.89.
ANSYS (NASDAQ ANSS) opened at 127.64 on Monday. The stock’s 50 day moving average is $125.90 and its 200-day moving average is $116.22. The company has a market capitalization of $10.82 billion, a PE ratio of 41.02 and a beta of 1.10. ANSYS has a 12 month low of $82.28 and a 12 month high of $131.63.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.07. The business had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. On average, analysts expect that ANSYS will post $3.86 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Bares Capital Management Inc. increased its stake in ANSYS by 4.3% in the first quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after buying an additional 43,402 shares in the last quarter. Arxis Securities LLC acquired a new stake in ANSYS during the first quarter worth $1,405,000. Exxonmobil Investment Management Inc. TX acquired a new stake in ANSYS during the second quarter worth $1,997,000. NN Investment Partners Holdings N.V. increased its stake in ANSYS by 19,186.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock worth $15,888,000 after buying an additional 129,893 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock worth $231,000 after buying an additional 74 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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