ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research note released on Wednesday. The brokerage issued a hold rating on the software maker’s stock.

Several other equities analysts have also commented on the company. Wolfe Research reissued a peer perform rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reiterated a neutral rating and issued a $345.00 price objective on shares of ANSYS in a report on Tuesday, March 5th. Mizuho decreased their target price on ANSYS from $350.00 to $330.00 and set a neutral rating for the company in a research note on Wednesday, January 17th. Finally, Barclays increased their price target on shares of ANSYS from $314.00 to $340.00 and gave the company an underweight rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, ANSYS has an average rating of Hold and an average target price of $320.00.

ANSYS Stock Performance

Shares of ANSYS stock opened at $319.52 on Wednesday. The business has a 50-day simple moving average of $335.57 and a 200-day simple moving average of $322.16. The company has a market cap of $27.89 billion, a PE ratio of 64.16, a P/E/G ratio of 4.93 and a beta of 1.16. ANSYS has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.80.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same quarter last year, the firm earned $1.45 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts forecast that ANSYS will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CVA Family Office LLC purchased a new stake in shares of ANSYS in the fourth quarter valued at about $28,000. Quest Partners LLC acquired a new stake in ANSYS during the 4th quarter worth approximately $29,000. DSM Capital Partners LLC purchased a new position in shares of ANSYS in the 4th quarter valued at approximately $34,000. Raleigh Capital Management Inc. grew its stake in shares of ANSYS by 135.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. Finally, Core Wealth Advisors Inc. acquired a new position in shares of ANSYS in the fourth quarter valued at approximately $40,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.