Wedbush Reaffirms Neutral Rating for ANSYS, Inc. (ANSS)
Wedbush reaffirmed their neutral rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a report published on Friday morning. The brokerage currently has a $129.19 target price on the software maker’s stock, up from their prior target price of $114.00.
A number of other equities research analysts have also recently commented on the company. Evercore ISI reiterated a hold rating and set a $113.00 target price on shares of ANSYS in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated a hold rating and set a $118.00 target price on shares of ANSYS in a research note on Monday, September 11th. Robert W. Baird set a $130.00 target price on ANSYS and gave the stock a buy rating in a research note on Monday, August 28th. Berenberg Bank began coverage on ANSYS in a research note on Wednesday, August 23rd. They set a hold rating and a $123.00 target price on the stock. Finally, Zacks Investment Research upgraded ANSYS from a sell rating to a hold rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $115.22.
Shares of ANSYS (NASDAQ:ANSS) opened at 121.82 on Friday. The firm’s 50-day moving average is $127.10 and its 200 day moving average is $119.07. ANSYS has a 52-week low of $82.28 and a 52-week high of $132.74. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 39.15 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. On average, equities research analysts anticipate that ANSYS will post $3.86 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Aviva PLC increased its holdings in ANSYS by 2.9% in the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock worth $6,317,000 after acquiring an additional 1,440 shares during the last quarter. Bares Capital Management Inc. increased its holdings in ANSYS by 4.3% in the 1st quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock worth $111,569,000 after acquiring an additional 43,402 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in ANSYS by 1.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock worth $50,466,000 after acquiring an additional 7,443 shares during the last quarter. NN Investment Partners Holdings N.V. increased its holdings in ANSYS by 19,186.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock worth $15,888,000 after acquiring an additional 129,893 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX purchased a new stake in ANSYS in the 2nd quarter worth about $1,997,000. 96.78% of the stock is owned by institutional investors.
ANSYS Company Profile
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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