Ansys Inc. (ANSS) Earns “Buy” Rating from Evercore ISI
A number of other equities analysts have also issued reports on the company. Wedbush reissued a neutral rating and set a $88.00 price target on shares of Ansys in a report on Wednesday, August 31st. Zacks Investment Research raised Ansys from a sell rating to a hold rating in a report on Tuesday, August 9th. Barclays PLC raised their price target on Ansys from $86.00 to $94.00 and gave the stock an equal weight rating in a report on Friday, August 5th. KeyCorp reissued a hold rating on shares of Ansys in a report on Saturday, June 4th. Finally, Goldman Sachs Group Inc. began coverage on Ansys in a report on Thursday, May 26th. They set a neutral rating and a $90.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ansys presently has a consensus rating of Hold and a consensus target price of $90.71.
Ansys (NASDAQ:ANSS) opened at 92.06 on Friday. Ansys has a 12-month low of $80.51 and a 12-month high of $98.99. The company has a 50-day moving average price of $95.12 and a 200-day moving average price of $90.26. The firm has a market cap of $8.03 billion, a PE ratio of 31.95 and a beta of 1.01.
Ansys (NASDAQ:ANSS) last posted its earnings results on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $246.10 million for the quarter, compared to analyst estimates of $244.84 million. Ansys had a return on equity of 13.33% and a net margin of 27.06%. Ansys’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities analysts predict that Ansys will post $3.62 earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. LPL Financial LLC increased its stake in Ansys by 0.6% in the first quarter. LPL Financial LLC now owns 3,907 shares of the company’s stock worth $348,000 after buying an additional 22 shares during the last quarter. Pillar Pacific Capital Management LLC increased its stake in Ansys by 0.7% in the second quarter. Pillar Pacific Capital Management LLC now owns 4,324 shares of the company’s stock worth $393,000 after buying an additional 29 shares during the last quarter. Montag & Caldwell LLC increased its stake in Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock worth $713,000 after buying an additional 40 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Ansys by 1.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,373 shares of the company’s stock worth $215,000 after buying an additional 45 shares during the last quarter. Finally, Hartford Investment Management Co. increased its stake in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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