BidaskClub lowered shares of ANSYS (NASDAQ:ANSS) from a strong-buy rating to a buy rating in a report published on Friday.

A number of other equities analysts have also recently commented on ANSS. 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 target on shares of ANSYS and gave the stock a buy rating in a research note on Sunday, October 1st. Zacks Investment Research raised shares of ANSYS from a hold rating to a buy rating and set a $139.00 price target for the company in a research note on Tuesday, October 3rd. Evercore ISI reaffirmed a hold rating and set a $113.00 price target on shares of ANSYS in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada lifted their price target on shares of ANSYS from $130.00 to $147.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $128.91.

ANSYS (NASDAQ:ANSS) opened at $162.75 on Friday. ANSYS has a 52 week low of $92.33 and a 52 week high of $164.90. The company has a market cap of $13,810.00, a PE ratio of 51.18 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. analysts predict that ANSYS will post 3.57 EPS for the current year.

In other ANSYS news, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shane Emswiler sold 12,504 shares of the business’s 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 disclosure for this sale can be found here. Over the last three months, insiders sold 27,031 shares of company stock valued at $2,960,730. 1.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in ANSYS in the 4th quarter valued at about $122,000. Advisor Partners LLC bought a new stake in shares of ANSYS in the 4th quarter valued at about $219,000. ETF Managers Group LLC bought a new stake in shares of ANSYS in the 2nd quarter valued at about $171,000. Diversified Trust Co bought a new stake in shares of ANSYS in the 4th quarter valued at about $210,000. Finally, Zions Bancorporation raised its holdings in shares of ANSYS by 9,070.6% in the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after purchasing an additional 1,542 shares in the last quarter. 96.61% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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