Royal Bank Of Canada reiterated their hold rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research note issued to investors on Monday morning. Royal Bank Of Canada currently has a $118.00 price target on the software maker’s stock.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of ANSYS from a hold rating to a sell rating in a report on Tuesday, July 4th. Barclays PLC lowered their price target on shares of ANSYS from $115.00 to $96.00 and set an underweight rating for the company in a report on Monday, May 15th. BidaskClub downgraded shares of ANSYS from a buy rating to a hold rating in a report on Saturday, June 17th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of ANSYS in a report on Monday, July 17th. They set a neutral rating and a $112.00 price target for the company. Finally, Wedbush lowered their price target on shares of ANSYS from $114.00 to $101.00 and set a neutral rating for the company in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $110.70.
Shares of ANSYS (NASDAQ ANSS) opened at 129.81 on Monday. ANSYS has a 1-year low of $82.28 and a 1-year high of $131.63. The stock has a 50 day moving average price of $126.91 and a 200 day moving average price of $118.52. The firm has a market capitalization of $11.00 billion, a PE ratio of 41.71 and a beta of 1.07.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million during the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Equities research analysts anticipate that ANSYS will post $3.86 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. Creative Planning grew its holdings in ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock worth $106,000 after acquiring an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in ANSYS by 7.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after acquiring an additional 69 shares during the period. Global X Management Co. LLC grew its holdings in ANSYS by 30.6% during the 1st quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after acquiring an additional 296 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in ANSYS during the 2nd quarter worth about $138,000. Finally, Dupont Capital Management Corp acquired a new stake in ANSYS during the 2nd quarter worth about $149,000. Hedge funds and other institutional investors own 96.87% 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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