ANSYS, Inc. (ANSS) Sets New 12-Month High at $136.25
ANSYS, Inc. (NASDAQ:ANSS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $136.25 and last traded at $136.48, with a volume of 162,793 shares trading hands. The stock had previously closed at $135.80.
A number of research firms have recently commented on ANSS. Royal Bank Of Canada restated a “hold” rating and issued a $118.00 price objective on shares of ANSYS in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Wedbush restated a “neutral” rating and issued a $129.19 price objective (up from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $116.68.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the prior year, the firm earned $0.95 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in ANSYS by 68.6% during the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. raised 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 valued at $121,000 after buying an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in ANSYS during the 2nd quarter valued at $138,000. Dupont Capital Management Corp purchased a new stake in ANSYS during the 2nd quarter valued at $149,000. Finally, Fiduciary Trust Co. purchased a new stake in ANSYS during the 2nd quarter valued at $170,000. Institutional investors own 96.88% of the company’s stock.
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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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