Analysts Set ANSYS, Inc. (ANSS) Target Price at $105.75
ANSYS, Inc. (NASDAQ:ANSS) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $105.75.
A number of analysts recently issued reports on ANSS shares. Citigroup Inc. cut ANSYS from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $114.00 in a report on Thursday, May 4th. Zacks Investment Research cut ANSYS from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Barclays PLC dropped their price objective on ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a report on Monday, May 15th. BidaskClub cut ANSYS from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Mitsubishi UFJ Financial Group cut ANSYS from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $114.00 in a report on Thursday, May 4th.
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In other ANSYS news, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $123.95, for a total value of $594,960.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted 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 worth $974,453,000 after buying an additional 8,952,318 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $1,033,807,000 after buying an additional 1,520,201 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of ANSYS by 54.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,806,833 shares of the software maker’s stock worth $299,966,000 after buying an additional 987,326 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of ANSYS during the second quarter worth $971,000. Finally, Aristotle Capital Management LLC boosted its position in shares of ANSYS by 90.5% in the first quarter. Aristotle Capital Management LLC now owns 1,894,434 shares of the software maker’s stock worth $202,459,000 after buying an additional 899,793 shares in the last quarter. 98.32% of the stock is currently owned by institutional investors.
ANSYS (ANSS) traded up 1.91% on Friday, reaching $129.00. The company had a trading volume of 333,148 shares. The stock’s 50-day moving average price is $125.25 and its 200-day moving average price is $115.58. ANSYS has a 12-month low of $82.28 and a 12-month high of $131.63. The stock has a market capitalization of $10.93 billion, a P/E ratio of 41.45 and a beta of 1.10.
ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. The business had revenue of $264.30 million for the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, equities research analysts anticipate that ANSYS will post $3.86 EPS for the current fiscal year.
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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