Citigroup Inc. initiated coverage on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research note released on Friday, Marketbeat.com reports. The firm issued a neutral rating and a $125.00 price target on the software maker’s stock.

ANSS has been the topic of several other research reports. BidaskClub lowered ANSYS from a buy rating to a hold rating in a research note on Saturday, June 17th. Evercore ISI set a $113.00 target price on ANSYS and gave the company a hold rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a sell rating to a hold rating in a research note on Monday, August 7th. Barclays PLC cut their target price on ANSYS from $115.00 to $113.00 and set an underweight rating on the stock in a research note on Friday, September 15th. Finally, J P Morgan Chase & Co reissued a sell rating and issued a $98.00 price target on shares of ANSYS in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. ANSYS has an average rating of Hold and a consensus price target of $114.65.

ANSYS (ANSS) opened at 120.73 on Friday. ANSYS has a 1-year low of $82.28 and a 1-year high of $132.74. The company has a market cap of $10.23 billion, a PE ratio of 38.79 and a beta of 1.07. The firm’s 50-day moving average is $126.78 and its 200 day moving average is $119.49.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.07. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The company had revenue of $264.30 million for the quarter, compared to analyst estimates of $259.75 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that ANSYS will post $3.87 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning lifted its holdings in shares of ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after purchasing an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in shares of ANSYS during the second quarter worth about $138,000. Dupont Capital Management Corp acquired a new stake in shares of ANSYS during the second quarter worth about $149,000. Finally, Global X Management Co. LLC lifted its holdings in shares of ANSYS by 30.6% during the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after purchasing an additional 296 shares during the period. 96.78% of the stock is owned by hedge funds and other institutional investors.

About ANSYS

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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