Shares of ANSYS, Inc. (NASDAQ:ANSS) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $204.22.

ANSS has been the subject of a number of recent research reports. Evercore ISI reissued a “hold” rating and set a $160.00 price target on shares of ANSYS in a research report on Tuesday, August 6th. Benchmark reissued a “buy” rating and set a $210.00 price target (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price target on shares of ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Wedbush lifted their price target on shares of ANSYS from $221.00 to $228.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday.

Shares of ANSS opened at $209.57 on Wednesday. The firm’s 50-day moving average price is $207.62 and its 200-day moving average price is $190.41. The firm has a market capitalization of $17.25 billion, a price-to-earnings ratio of 40.22 and a beta of 1.42. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.03. ANSYS has a 1-year low of $136.80 and a 1-year high of $215.39.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The company had revenue of $370.51 million during the quarter, compared to analysts’ expectations of $338.31 million. During the same period last year, the company posted $1.35 EPS. ANSYS’s revenue was up 20.0% on a year-over-year basis. On average, research analysts forecast that ANSYS will post 5.2 EPS for the current fiscal year.

In other ANSYS news, Director William R. Mcdermott sold 1,765 shares of ANSYS stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alec D. Gallimore sold 638 shares of ANSYS stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total transaction of $118,527.64. The disclosure for this sale can be found here. Insiders sold 2,500 shares of company stock valued at $459,344 over the last ninety days. Corporate insiders own 1.11% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Calamos Advisors LLC bought a new stake in shares of ANSYS during the 1st quarter valued at about $493,000. First Citizens Bank & Trust Co. purchased a new position in ANSYS in the first quarter worth about $228,000. Retirement Systems of Alabama raised its holdings in ANSYS by 0.3% in the first quarter. Retirement Systems of Alabama now owns 39,008 shares of the software maker’s stock worth $7,127,000 after buying an additional 133 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in ANSYS by 198.4% in the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock worth $33,000 after buying an additional 121 shares during the last quarter. Finally, BTIM Corp. raised its holdings in ANSYS by 4.0% in the first quarter. BTIM Corp. now owns 74,910 shares of the software maker’s stock worth $13,687,000 after buying an additional 2,896 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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