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.
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.
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