ANSYS, Inc. (ANSS) Reaches New 1-Year High at $131.99

Shares of ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high on Tuesday . The stock traded as high as $131.99 and last traded at $132.03, with a volume of 326,950 shares changing hands. The stock had previously closed at $129.81.

Several equities analysts have recently commented on ANSS shares. Zacks Investment Research lowered ANSYS from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC reduced their price objective on ANSYS from $115.00 to $96.00 and set an “underweight” rating on the stock in a research report on Monday, May 15th. BidaskClub lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Goldman Sachs Group, Inc. (The) started coverage on ANSYS in a research report on Monday, July 17th. They set a “neutral” rating and a $112.00 price objective on the stock. Finally, Wedbush reduced their price objective on ANSYS from $114.00 to $101.00 and set a “neutral” rating on the stock in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and an average target price of $110.70.

The stock has a 50-day moving average of $126.91 and a 200-day moving average of $118.52. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 42.42 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last issued 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. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The business had revenue of $264.30 million for the quarter, compared to the consensus estimate of $259.75 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts predict that ANSYS, Inc. will post $3.86 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. 1st Global Advisors Inc. raised its position in ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after purchasing an additional 18 shares during the period. Gofen & Glossberg LLC IL raised its position in ANSYS by 1.6% during the first quarter. Gofen & Glossberg LLC IL now owns 2,535 shares of the software maker’s stock valued at $271,000 after purchasing an additional 40 shares during the period. Pacer Advisors Inc. raised its position in ANSYS by 2.9% during the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock valued at $164,000 after purchasing an additional 44 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after purchasing an additional 69 shares during the period. Finally, Advisors Asset Management Inc. raised its position in ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/09/12/ansys-inc-anss-reaches-new-1-year-high-at-131-99.html.

About ANSYS

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.

Receive News & Ratings for ANSYS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply