ANSYS, Inc. (ANSS) Earns Neutral Rating from Analysts at Citigroup Inc.
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.
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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