ANSYS (NASDAQ:ANSS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a research report report published on Friday.

Separately, Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st.

ANSYS Trading Up 0.4 %

Shares of NASDAQ:ANSS opened at $302.74 on Friday. ANSYS has a 52-week low of $275.06 and a 52-week high of $363.03. The business has a 50-day moving average price of $319.11 and a 200-day moving average price of $332.09. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities analysts predict that ANSYS will post 8.32 EPS for the current year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of ANSYS by 2.2% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 30,431 shares of the software maker’s stock worth $9,633,000 after purchasing an additional 650 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of ANSYS by 25.1% during the first quarter. FNY Investment Advisers LLC now owns 7,550 shares of the software maker’s stock valued at $2,390,000 after acquiring an additional 1,513 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of ANSYS by 21.2% in the first quarter. Exchange Traded Concepts LLC now owns 726 shares of the software maker’s stock worth $230,000 after acquiring an additional 127 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in ANSYS by 7.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,631 shares of the software maker’s stock valued at $1,150,000 after purchasing an additional 250 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in ANSYS by 3.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 1,682 shares of the software maker’s stock valued at $532,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

About ANSYS

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.