ANSYS (NASDAQ:ANSS) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of ANSYS (NASDAQ:ANSS) in a report issued on Sunday. The firm set a “hold” rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. KeyCorp began coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

ANSYS Price Performance

ANSS stock opened at $309.64 on Friday. The firm has a 50 day moving average of $323.30 and a 200-day moving average of $330.54. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a market capitalization of $27.03 billion, a P/E ratio of 62.18, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter last year, the business posted $1.45 earnings per share. ANSYS’s revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts predict that ANSYS will post 7.05 earnings per share for the current fiscal year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ANSYS

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after purchasing an additional 73,585 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of ANSYS by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after purchasing an additional 27,893 shares in the last quarter. Norges Bank purchased a new stake in shares of ANSYS in the 4th quarter valued at $282,329,000. Earnest Partners LLC raised its holdings in ANSYS by 13.7% during the 1st quarter. Earnest Partners LLC now owns 592,017 shares of the software maker’s stock valued at $205,525,000 after buying an additional 71,394 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in ANSYS by 20.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock valued at $173,079,000 after buying an additional 84,353 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.