ANSYS (ANSS) Lowered to Buy at BidaskClub
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.
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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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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