ANSYS, Inc. (ANSS) Price Target Cut to $113.00 by Analysts at Barclays PLC
ANSYS, Inc. (NASDAQ:ANSS) had its price objective trimmed by Barclays PLC from $115.00 to $113.00 in a research report report published on Friday. They currently have an underweight rating on the software maker’s stock.
Several other analysts have also recently weighed in on ANSS. BidaskClub cut shares of ANSYS from a strong-buy rating to a buy rating in a research note on Friday, June 9th. Evercore ISI set a $113.00 target price on shares of ANSYS and gave the company a hold rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of ANSYS from a hold rating to a sell rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) began coverage on shares of ANSYS in a report on Monday, July 17th. They issued a neutral rating and a $112.00 target price on the stock. Finally, Berenberg Bank began coverage on shares of ANSYS in a report on Wednesday, August 23rd. They issued a hold rating and a $123.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. ANSYS presently has an average rating of Hold and a consensus price target of $115.22.
Shares of ANSYS (ANSS) opened at 123.59 on Friday. The company has a market cap of $10.48 billion, a PE ratio of 39.71 and a beta of 1.07. ANSYS has a 1-year low of $82.28 and a 1-year high of $132.74. The company has a 50-day moving average of $126.96 and a 200-day moving average of $119.36.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that ANSYS will post $3.86 EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. Aviva PLC grew its holdings in shares of ANSYS by 2.9% during the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock valued at $6,317,000 after purchasing an additional 1,440 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of ANSYS by 1.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock valued at $50,466,000 after purchasing an additional 7,443 shares during the last quarter. Bares Capital Management Inc. grew its holdings in shares of ANSYS by 4.3% during the 1st quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock valued at $111,569,000 after purchasing an additional 43,402 shares during the last quarter. NN Investment Partners Holdings N.V. grew its holdings in shares of ANSYS by 19,186.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 130,570 shares of the software maker’s stock valued at $15,888,000 after purchasing an additional 129,893 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX bought a new stake in shares of ANSYS during the 2nd quarter valued at approximately $1,997,000. 96.78% of the stock is currently 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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