ANSYS (ANSS) Earning Somewhat Positive Media Coverage, Study Shows

News stories about ANSYS (NASDAQ:ANSS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ANSYS earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.1699627137126 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

ANSYS (NASDAQ:ANSS) traded up $2.01 during trading hours on Friday, hitting $154.22. 479,520 shares of the stock traded hands, compared to its average volume of 457,362. ANSYS has a one year low of $92.33 and a one year high of $156.14. The company has a market cap of $13,090.00, a P/E ratio of 48.50 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The business had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. research analysts forecast that ANSYS will post 3.57 earnings per share for the current fiscal year.

Several research firms have recently issued reports on ANSS. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC restated a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Citigroup boosted their price objective on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Wedbush restated a “neutral” rating and set a $114.00 price objective (down previously from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank of Canada boosted their price objective on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and an average price target of $128.91.

In other news, VP Shane Emswiler sold 12,504 shares of ANSYS stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of ANSYS stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,031 shares of company stock worth $2,960,730. 1.30% of the stock is owned by company insiders.

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About ANSYS

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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