ANSYS (NASDAQ:ANSS) Releases Quarterly Earnings Results, Misses Expectations By $0.32 EPS

ANSYS (NASDAQ:ANSS) issued its quarterly earnings results on Wednesday. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32), Zacks reports. ANSYS had a return on equity of 12.64% and a net margin of 23.01%.

ANSYS Trading Down 0.5 %

ANSS traded down $1.84 during trading on Wednesday, hitting $336.74. 871,384 shares of the stock were exchanged, compared to its average volume of 475,181. The firm has a 50 day simple moving average of $342.98 and a 200 day simple moving average of $332.39. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 51.97, a P/E/G ratio of 3.53 and a beta of 1.12. ANSYS has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ANSS. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $346.67.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.