KeyCorp started coverage on shares of ANSYS (NASDAQ:ANSS) in a report issued on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. The firm issued a sector weight rating on the software maker’s stock.

ANSS has been the topic of a number of other reports. Zacks Investment Research lowered shares of ANSYS from a buy rating to a hold rating in a research note on Wednesday, March 27th. Wedbush boosted their price objective on shares of ANSYS from $192.00 to $201.00 and gave the stock an outperform rating in a report on Friday, March 1st. BidaskClub raised shares of ANSYS from a sell rating to a hold rating in a report on Saturday, January 19th. Stifel Nicolaus initiated coverage on shares of ANSYS in a report on Tuesday, December 18th. They set a hold rating and a $162.00 price objective on the stock. Finally, Mitsubishi UFJ Financial Group boosted their price objective on shares of ANSYS to $203.00 and gave the stock an overweight rating in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $182.31.

Shares of ANSYS stock opened at $187.92 on Wednesday. ANSYS has a 52-week low of $136.80 and a 52-week high of $190.45. The stock has a market cap of $15.66 billion, a PE ratio of 36.07 and a beta of 1.35.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 27th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.57. ANSYS had a net margin of 32.42% and a return on equity of 17.83%. The business had revenue of $340.07 million for the quarter, compared to analyst estimates of $365.03 million. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Research analysts predict that ANSYS will post 4.99 EPS for the current year.

In other ANSYS news, CFO Maria T. Shields sold 13,704 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $182.23, for a total value of $2,497,279.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ajei Gopal sold 17,255 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $181.56, for a total transaction of $3,132,817.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,060 shares of company stock worth $11,042,442. 1.10% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. KAMES CAPITAL plc raised its position in shares of ANSYS by 6.9% in the first quarter. KAMES CAPITAL plc now owns 345,248 shares of the software maker’s stock valued at $63,056,000 after buying an additional 22,382 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of ANSYS by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 7,530 shares of the software maker’s stock valued at $1,376,000 after buying an additional 357 shares during the last quarter. Washington Trust Bank raised its position in shares of ANSYS by 43.8% in the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after buying an additional 64 shares during the last quarter. First Hawaiian Bank raised its position in shares of ANSYS by 10.9% in the first quarter. First Hawaiian Bank now owns 1,186 shares of the software maker’s stock valued at $216,000 after buying an additional 117 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of ANSYS by 56.1% in the fourth quarter. Deutsche Bank AG now owns 211,441 shares of the software maker’s stock valued at $30,219,000 after buying an additional 76,026 shares during the last quarter. 94.29% of the stock is owned by institutional investors and hedge funds.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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