Posted by Defense World Staff on Jun 10th, 2024
Equities researchers at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS – Get Free Report) in a research note issued to investors on Monday. The firm set a “hold” rating on the software maker’s stock.
Several other equities research analysts have also weighed in on ANSS. Barclays increased their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $320.00.
View Our Latest Research Report on ANSS
ANSYS Stock Performance
ANSYS stock opened at $324.30 on Monday. The stock has a market cap of $28.31 billion, a P/E ratio of 65.12, a price-to-earnings-growth ratio of 7.11 and a beta of 1.14. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $328.79 and a 200-day moving average of $329.59. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31.
ANSYS (NASDAQ:ANSS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to the consensus estimate of $549.85 million. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect that ANSYS will post 7.16 EPS for the current fiscal year.
Insider Transactions at ANSYS
In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.46% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ANSS. DekaBank Deutsche Girozentrale grew its holdings in shares of ANSYS by 20.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 499,777 shares of the software maker’s stock worth $173,079,000 after purchasing an additional 84,353 shares in the last quarter. Cetera Advisors LLC boosted its stake in ANSYS by 59.2% in the 1st quarter. Cetera Advisors LLC now owns 1,605 shares of the software maker’s stock valued at $557,000 after buying an additional 597 shares in the last quarter. Cetera Investment Advisers boosted its stake in ANSYS by 392.9% in the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker’s stock valued at $4,427,000 after buying an additional 10,164 shares in the last quarter. Swedbank AB acquired a new stake in ANSYS in the 1st quarter valued at $128,089,000. Finally, LRI Investments LLC acquired a new stake in ANSYS in the 1st quarter valued at $356,000. 92.39% of the stock is owned by institutional investors.
ANSYS Company Profile
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.
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