ANSYS, Inc. (ANSS) Rating Reiterated by Wedbush

ANSYS, Inc. (NASDAQ:ANSS)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research report issued to clients and investors on Friday. They currently have a $129.19 price target on the software maker’s stock, up from their previous price target of $114.00. Wedbush’s price target would suggest a potential upside of 6.05% from the stock’s current price.

ANSS has been the topic of several other reports. BidaskClub downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Evercore ISI set a $113.00 target price on ANSYS and gave the company a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $118.00 target price on shares of ANSYS in a research report on Monday, September 11th. Finally, Berenberg Bank began coverage on ANSYS in a research report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. ANSYS presently has a consensus rating of “Hold” and a consensus price target of $115.22.

Shares of ANSYS (ANSS) opened at 121.82 on Friday. The stock has a market cap of $10.33 billion, a PE ratio of 39.15 and a beta of 1.07. The company’s 50-day moving average price is $127.10 and its 200-day moving average price is $119.07. ANSYS has a one year low of $82.28 and a one year high of $132.74.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The company had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. ANSYS’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Equities research analysts anticipate that ANSYS will post $3.86 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of ANSYS by 5,399.5% in the first quarter. BlackRock Inc. now owns 9,118,117 shares of the software maker’s stock valued at $974,453,000 after acquiring an additional 8,952,318 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ANSYS by 21.8% in the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after acquiring an additional 1,520,201 shares in the last quarter. FMR LLC lifted its position in shares of ANSYS by 0.7% in the second quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock valued at $813,354,000 after acquiring an additional 45,211 shares in the last quarter. State Street Corp lifted its position in shares of ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after acquiring an additional 607,765 shares in the last quarter. Finally, Brown Capital Management LLC lifted its position in shares of ANSYS by 1.9% in the first quarter. Brown Capital Management LLC now owns 3,105,179 shares of the software maker’s stock valued at $331,850,000 after acquiring an additional 56,972 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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