Robert W. Baird Analysts Give ANSYS, Inc. (ANSS) a $130.00 Price Target
A number of other research firms have also recently weighed in on ANSS. KeyCorp reissued a hold rating on shares of ANSYS in a research note on Friday, September 29th. Citigroup Inc. began coverage on shares of ANSYS in a research report on Friday, September 22nd. They issued a neutral rating and a $125.00 price target for the company. J P Morgan Chase & Co restated a sell rating and set a $98.00 price target on shares of ANSYS in a research note on Tuesday, September 19th. Barclays PLC cut their price target on shares of ANSYS from $115.00 to $113.00 and set an underweight rating for the company in a research note on Friday, September 15th. Finally, Wedbush reaffirmed a neutral rating and set a $129.19 price objective (up from $114.00) on shares of ANSYS in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $116.68.
ANSYS (NASDAQ:ANSS) opened at 124.65 on Friday. ANSYS has a 12-month low of $82.28 and a 12-month high of $132.74. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 40.05 and a beta of 1.05. The stock’s 50 day moving average price is $125.94 and its 200 day moving average price is $120.62.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $264.30 million during the quarter, compared to analysts’ expectations of $259.75 million. ANSYS had a net margin of 26.37% and a return on equity of 13.87%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, equities research analysts anticipate that ANSYS will post $3.87 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after purchasing an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in ANSYS by 7.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after purchasing an additional 69 shares in the last quarter. Global X Management Co. LLC boosted its stake in ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after purchasing an additional 296 shares in the last quarter. Parallax Volatility Advisers L.P. acquired a new position in ANSYS in the second quarter worth $138,000. Finally, Dupont Capital Management Corp acquired a new position in ANSYS in the second quarter worth $149,000. Institutional investors and hedge funds own 96.78% of the company’s stock.
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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