Media coverage about ANSYS (NASDAQ:ANSS) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ANSYS earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.2375522778786 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- BidaskClub Upgrades ANSYS (ANSS) to Strong-Buy (americanbankingnews.com)
- Insider Selling: ANSYS, Inc. (ANSS) Director Sells 24,500 Shares of Stock (americanbankingnews.com)
- Where Ansys Inc’s (NASDAQ:ANSS) Earnings Growth Stands Against Its Industry (finance.yahoo.com)
- Insider Selling: ANSYS, Inc. (ANSS) VP Sells 1,625 Shares of Stock (americanbankingnews.com)
- WINTON GROUP Ltd Buys 40,013 Shares of ANSYS, Inc. (ANSS) (americanbankingnews.com)
ANSS has been the subject of a number of research reports. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, January 30th. Wedbush reissued a “neutral” rating and set a $136.00 price target (down from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Finally, ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. ANSYS currently has an average rating of “Hold” and an average target price of $132.00.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The company had revenue of $302.34 million for the quarter, compared to analyst estimates of $290.66 million. During the same period in the prior year, the company posted $0.98 EPS. ANSYS’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts forecast that ANSYS will post 4.41 EPS for the current year.
ANSYS declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other ANSYS news, VP Richard S. Mahoney sold 2,039 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $162.01, for a total value of $330,338.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total value of $152,121.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,691 shares of company stock worth $8,852,518. 1.30% of the stock is currently owned by corporate insiders.
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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