ANSYS (ANSS) Downgraded by ValuEngine

ValuEngine lowered shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a report published on Saturday.

Other equities research analysts have also issued reports about the company. Berenberg Bank increased their price target on ANSYS from $190.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, August 7th. Guggenheim initiated coverage on ANSYS in a research report on Tuesday, August 7th. They set a buy rating and a $210.00 price target on the stock. BidaskClub upgraded ANSYS from a hold rating to a buy rating in a research report on Tuesday, August 7th. Evercore ISI reiterated a hold rating and issued a $150.00 price objective on shares of ANSYS in a research report on Monday, August 6th. Finally, Zacks Investment Research lowered ANSYS from a strong-buy rating to a hold rating in a research report on Tuesday, July 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $172.18.

NASDAQ ANSS opened at $143.81 on Friday. The company has a market cap of $12.10 billion, a P/E ratio of 39.84 and a beta of 1.06. ANSYS has a one year low of $134.45 and a one year high of $190.45.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.25. The business had revenue of $308.90 million for the quarter, compared to analyst estimates of $288.26 million. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. ANSYS’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. On average, analysts anticipate that ANSYS will post 4.54 earnings per share for the current year.

In other news, Director Barbara Vaughn Scherer sold 2,454 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total value of $461,327.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Cashman III sold 30,000 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $171.39, for a total value of $5,141,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 49,350 shares of company stock worth $8,694,511. 1.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of ANSS. Bartlett & Co. LLC acquired a new position in shares of ANSYS in the 3rd quarter valued at $114,000. Fort L.P. acquired a new position in shares of ANSYS in the 2nd quarter valued at $121,000. Piedmont Investment Advisors LLC acquired a new position in shares of ANSYS in the 2nd quarter valued at $166,000. Steward Partners Investment Advisory LLC lifted its stake in shares of ANSYS by 338.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after purchasing an additional 803 shares during the period. Finally, Checchi Capital Advisers LLC acquired a new position in shares of ANSYS in the 3rd quarter valued at $206,000. 94.41% of the stock is currently owned by institutional investors.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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