Brokerages Set ANSYS, Inc. (NASDAQ:ANSS) Price Target at $204.22
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.
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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