ANSYS (NASDAQ:ANSS) Sets New 52-Week High at $231.06

ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $231.06 and last traded at $230.86, with a volume of 10892 shares traded. The stock had previously closed at $227.35.

ANSS has been the subject of several recent analyst reports. Wedbush lifted their price objective on shares of ANSYS from $232.00 to $254.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price objective for the company. in a research note on Monday, October 14th. BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Griffin Securities raised shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price objective for the company in a research note on Friday, September 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of ANSYS in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $223.60.

The stock has a market capitalization of $18.88 billion, a PE ratio of 43.95 and a beta of 1.39. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $220.93 and its 200-day moving average price is $206.65.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 6th. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.42. The firm had revenue of $343.90 million during the quarter, compared to analyst estimates of $334.40 million. ANSYS had a net margin of 30.35% and a return on equity of 16.65%. The business’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, sell-side analysts predict that ANSYS, Inc. will post 5.34 earnings per share for the current fiscal year.

In related news, VP Janet Lee sold 1,174 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $215.26, for a total value of $252,715.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew C. Zack sold 1,427 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $230.40, for a total transaction of $328,780.80. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in ANSYS by 2.6% in the 2nd quarter. Private Trust Co. NA now owns 3,048 shares of the software maker’s stock valued at $624,000 after buying an additional 76 shares during the last quarter. Swedbank bought a new stake in ANSYS in the 2nd quarter valued at about $100,576,000. DNB Asset Management AS boosted its holdings in ANSYS by 1.9% in the 2nd quarter. DNB Asset Management AS now owns 14,758 shares of the software maker’s stock valued at $3,023,000 after purchasing an additional 276 shares during the period. KAMES CAPITAL plc boosted its holdings in ANSYS by 1.3% in the 2nd quarter. KAMES CAPITAL plc now owns 349,613 shares of the software maker’s stock valued at $71,580,000 after purchasing an additional 4,365 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in ANSYS by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 39,141 shares of the software maker’s stock valued at $8,017,000 after purchasing an additional 133 shares during the period. 94.01% of the stock is owned by institutional investors.

About ANSYS (NASDAQ:ANSS)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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