ANSYS’s (ANSS) “Hold” Rating Reiterated at Evercore ISI
Evercore ISI reaffirmed their hold rating on shares of ANSYS, Inc. (NASDAQ:ANSS) in a research note issued to investors on Wednesday. They currently have a $113.00 price target on the software maker’s stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of ANSYS from a sell rating to a hold rating in a research note on Monday, August 7th. Royal Bank Of Canada reaffirmed a hold rating and set a $118.00 target price on shares of ANSYS in a research note on Monday, September 11th. BidaskClub cut shares of ANSYS from a buy rating to a hold rating in a research note on Saturday, June 17th. Robert W. Baird set a $130.00 target price on shares of ANSYS and gave the company a buy rating in a research note on Monday, August 28th. Finally, Berenberg Bank began coverage on shares of ANSYS in a research note on Wednesday, August 23rd. They set a hold rating and a $123.00 target price for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $115.22.
Shares of ANSYS (NASDAQ ANSS) traded down 5.68% on Wednesday, reaching $121.82. 1,769,615 shares of the company traded hands. The firm has a market capitalization of $10.33 billion, a P/E ratio of 39.15 and a beta of 1.07. The stock has a 50-day moving average price of $127.10 and a 200 day moving average price of $119.07. ANSYS has a 1-year low of $82.28 and a 1-year high of $132.07.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.07. The firm had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Analysts anticipate that ANSYS will post $3.86 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of ANSYS by 5,399.5% in the 1st 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. grew its stake in shares of ANSYS by 21.8% in the 2nd 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. FMR LLC grew its stake in shares of ANSYS by 0.7% in the 2nd quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock worth $813,354,000 after buying an additional 45,211 shares in the last quarter. State Street Corp grew its stake in shares of ANSYS by 20.9% in the 2nd 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 in the last quarter. Finally, Brown Capital Management LLC grew its stake in shares of ANSYS by 1.9% in the 1st quarter. Brown Capital Management LLC now owns 3,105,179 shares of the software maker’s stock worth $331,850,000 after buying an additional 56,972 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.
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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