ANSYS’s (ANSS) Hold Rating Reaffirmed at Needham & Company LLC
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.
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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