ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “underweight” rating reissued by Barclays PLC in a research note issued to investors on Friday, May 5th. They presently have a $115.00 price objective on the software maker’s stock, up from their prior price objective of $96.00. Barclays PLC’s target price would indicate a potential downside of 5.89% from the company’s current price.
A number of other equities analysts have also recently commented on ANSS. Wedbush lifted their price objective on shares of ANSYS from $88.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, February 24th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of ANSYS in a research report on Thursday, February 23rd. Zacks Investment Research cut shares of ANSYS from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Robert W. Baird restated an “outperform” rating and issued a $110.00 price target on shares of ANSYS in a report on Tuesday, February 28th. Finally, Citigroup Inc lowered shares of ANSYS from a “buy” rating to a “neutral” rating and upped their price target for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $100.13.
Shares of ANSYS (NASDAQ:ANSS) traded up 1.55% on Friday, reaching $122.20. 522,097 shares of the company traded hands. The firm has a market capitalization of $10.45 billion, a P/E ratio of 39.51 and a beta of 1.01. ANSYS has a 1-year low of $82.28 and a 1-year high of $123.07. The stock has a 50-day moving average price of $112.18 and a 200 day moving average price of $100.81.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, May 3rd. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. ANSYS had a net margin of 27.20% and a return on equity of 13.39%. The business had revenue of $253.41 million during the quarter, compared to analysts’ expectations of $241.52 million. Analysts anticipate that ANSYS will post $3.78 EPS for the current fiscal year.
In other ANSYS news, VP Sheila S. Dinardo sold 4,856 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $105.17, for a total transaction of $510,705.52. Following the sale, the vice president now directly owns 8,842 shares in the company, valued at approximately $929,913.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Walid Abu-Hadba sold 6,048 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $105.84, for a total transaction of $640,120.32. The disclosure for this sale can be found here. Insiders sold 26,417 shares of company stock valued at $1,634,054 in the last quarter. 1.72% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock valued at $166,000 after buying an additional 9 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of ANSYS by 0.8% in the third quarter. FineMark National Bank & Trust now owns 1,197 shares of the software maker’s stock valued at $111,000 after buying an additional 10 shares during the last quarter. Farr Miller & Washington LLC DC increased its position in shares of ANSYS by 0.7% in the fourth quarter. Farr Miller & Washington LLC DC now owns 2,210 shares of the software maker’s stock valued at $204,000 after buying an additional 15 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in shares of ANSYS by 1.6% in the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock valued at $271,000 after buying an additional 40 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.
ANSYS Company Profile
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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