Needham & Company LLC reaffirmed their hold rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research note issued to investors on Friday morning.

A number of other equities analysts also recently commented on the stock. Citigroup Inc. upped their target price on shares of ANSYS from $125.00 to $160.00 and gave the stock a neutral rating in a research note on Friday. Wedbush reaffirmed a neutral rating and issued a $114.00 price target (down previously from $136.00) on shares of ANSYS in a research report on Friday. Royal Bank Of Canada upped their price target on shares of ANSYS from $130.00 to $147.00 and gave the stock a sector perform rating in a research report on Friday. Robert W. Baird reaffirmed an outperform rating and issued a $155.00 price target (up previously from $130.00) on shares of ANSYS in a research report on Friday. Finally, Evercore ISI reaffirmed a hold rating and issued a $113.00 price target on shares of ANSYS in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. ANSYS has an average rating of Hold and an average target price of $126.18.

ANSYS (NASDAQ ANSS) opened at $151.20 on Friday. The company has a market cap of $12,830.00, a PE ratio of 42.60 and a beta of 1.05. ANSYS has a one year low of $84.06 and a one year high of $155.14.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to the consensus estimate of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. equities analysts forecast that ANSYS will post 3.7 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of ANSS. Vanguard Group Inc. raised its holdings 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 during the last quarter. Koch Industries Inc. purchased a new position in shares of ANSYS in the second quarter worth $971,000. State Street Corp raised its holdings in shares of ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after buying an additional 607,765 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ANSYS by 27.2% in the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after buying an additional 224,640 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of ANSYS by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock worth $121,046,000 after buying an additional 165,174 shares during the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.

About ANSYS

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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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