ANSYS (NASDAQ:ANSS) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.87-5.14 for the period, compared to the Thomson Reuters consensus estimate of $4.90. The company issued revenue guidance of $1.21-1.25 billion, compared to the consensus revenue estimate of $1.23 billion.ANSYS also updated its Q3 guidance to $0.93-1.07 EPS.

Several analysts recently commented on the company. Berenberg Bank raised their target price on ANSYS from $190.00 to $200.00 and gave the stock a buy rating in a report on Tuesday. Guggenheim assumed coverage on ANSYS in a report on Tuesday. They set a buy rating on the stock. BidaskClub raised ANSYS from a hold rating to a buy rating in a report on Tuesday. Evercore ISI reaffirmed a hold rating and set a $150.00 target price on shares of ANSYS in a report on Monday. Finally, Royal Bank of Canada raised their target price on ANSYS to $180.00 and gave the stock a market perform rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $155.30.

Shares of ANSS opened at $172.78 on Wednesday. ANSYS has a 12 month low of $119.20 and a 12 month high of $184.95. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 45.24 and a beta of 0.96.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. ANSYS had a return on equity of 14.51% and a net margin of 24.92%. The company had revenue of $308.90 million for the quarter, compared to analyst estimates of $288.26 million. During the same period last year, the company earned $0.99 earnings per share. ANSYS’s quarterly revenue was up 16.9% compared to the same quarter last year. equities research analysts anticipate that ANSYS will post 4.4 EPS for the current year.

In other news, CEO Ajei Gopal sold 3,711 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $165.30, for a total value of $613,428.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Thurk sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total value of $595,665.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,465 shares of company stock worth $7,801,088. Company insiders own 1.10% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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