BidaskClub cut shares of ANSYS (NASDAQ:ANSS) from a hold rating to a sell rating in a research note published on Friday.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank upped their price target on shares of ANSYS from $190.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, August 7th. Goldman Sachs Group upgraded shares of ANSYS from a neutral rating to a buy rating and set a $112.00 price target for the company in a research report on Wednesday, June 20th. Wedbush upped their price target on shares of ANSYS from $163.00 to $168.00 and gave the company a neutral rating in a research report on Thursday, August 9th. Evercore ISI restated a hold rating and issued a $150.00 price target on shares of ANSYS in a research report on Monday, August 6th. Finally, Barclays upped their price target on shares of ANSYS from $152.00 to $162.00 and gave the company an underweight rating in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. ANSYS presently has an average rating of Hold and a consensus price target of $172.20.

NASDAQ ANSS traded up $5.39 on Friday, hitting $158.90. The company’s stock had a trading volume of 952,043 shares, compared to its average volume of 479,267. ANSYS has a 1-year low of $127.68 and a 1-year high of $190.45. The stock has a market cap of $15.74 billion, a P/E ratio of 44.02 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.25. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The firm had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $288.26 million. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was up 16.9% on a year-over-year basis. On average, analysts expect that ANSYS will post 4.54 EPS for the current year.

In other news, Director Alec D. Gallimore sold 276 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $173.76, for a total transaction of $47,957.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Cashman III sold 30,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $171.39, for a total transaction of $5,141,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,350 shares of company stock valued at $8,694,511. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ANSS. Fort L.P. bought a new position in ANSYS during the second quarter worth $121,000. Piedmont Investment Advisors LLC bought a new position in ANSYS during the second quarter worth $166,000. Steward Partners Investment Advisory LLC boosted its stake in ANSYS by 338.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after acquiring an additional 803 shares in the last quarter. Eagle Ridge Investment Management bought a new position in ANSYS during the second quarter worth $216,000. Finally, Putnam Investments LLC bought a new position in ANSYS during the second quarter worth $218,000. Institutional investors own 95.32% of the company’s stock.

About ANSYS

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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