ANSYS, Inc. (ANSS) Receives $132.00 Average PT from Analysts
ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $132.00.
ANSS has been the subject of several research analyst reports. Zacks Investment Research lowered ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 7th. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, January 30th. Wedbush restated a “neutral” rating and issued a $136.00 target price (down from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. Finally, ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
In other ANSYS news, VP Richard S. Mahoney sold 1,625 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Maria T. Shields sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Insiders have sold 61,691 shares of company stock worth $8,852,518 over the last ninety days. Insiders own 1.30% of the company’s stock.
Shares of ANSYS (NASDAQ:ANSS) traded down $1.24 during trading on Wednesday, reaching $169.94. The company had a trading volume of 427,655 shares, compared to its average volume of 512,170. The company has a market capitalization of $14,357.10, a price-to-earnings ratio of 56.97 and a beta of 1.04. ANSYS has a 1 year low of $104.55 and a 1 year high of $171.92.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The firm had revenue of $302.34 million during the quarter, compared to analyst estimates of $290.66 million. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. ANSYS’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. equities research analysts predict that ANSYS will post 4.41 EPS for the current fiscal year.
ANSYS declared that its board has initiated a stock buyback program on Wednesday, February 21st that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
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ANSYS Company Profile
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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