ANSYS, Inc. (ANSS) Receives Hold Rating from Royal Bank Of Canada

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.

ILLEGAL ACTIVITY NOTICE: “ANSYS, Inc. (ANSS) Receives Hold Rating from Royal Bank Of Canada” was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/09/12/ansys-inc-anss-receives-hold-rating-from-royal-bank-of-canada.html.

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply