ANSYS’s (ANSS) “Hold” Rating Reaffirmed at Evercore ISI
Several other research firms also recently issued reports on ANSS. Goldman Sachs Group, Inc. (The) initiated coverage on ANSYS in a research note on Monday, July 17th. They issued a neutral rating and a $112.00 price objective for the company. KeyCorp reaffirmed a hold rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price objective on ANSYS and gave the company a buy rating in a research note on Monday, August 28th. Wedbush reaffirmed a neutral rating and issued a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a research note on Friday, September 15th. Finally, Berenberg Bank initiated coverage on ANSYS in a research note on Wednesday, August 23rd. They issued a hold rating and a $123.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $126.18.
ANSYS (NASDAQ:ANSS) traded up $2.10 during trading on Thursday, hitting $151.20. The stock had a trading volume of 738,186 shares, compared to its average volume of 431,691. The company has a market cap of $12,652.70, a price-to-earnings ratio of 42.60 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. analysts anticipate that ANSYS will post 3.7 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in ANSS. WINTON GROUP Ltd bought a new position in shares of ANSYS during the 2nd quarter worth approximately $243,000. Dimensional Fund Advisors LP boosted its holdings in shares of ANSYS by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 331,081 shares of the software maker’s stock worth $40,284,000 after buying an additional 32,962 shares in the last quarter. Aviva PLC boosted its holdings in shares of ANSYS by 2.9% during the 2nd quarter. Aviva PLC now owns 51,933 shares of the software maker’s stock worth $6,317,000 after buying an additional 1,440 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of ANSYS by 1.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 414,743 shares of the software maker’s stock worth $50,466,000 after buying an additional 7,443 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of ANSYS by 25.0% during the 2nd quarter. Amalgamated Bank now owns 17,469 shares of the software maker’s stock worth $2,126,000 after buying an additional 3,490 shares in the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.
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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