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Dec 20, 2023

ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has

Shares of ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $317.45.

ANSS has been the subject of several research analyst reports. TheStreet downgraded shares of ANSYS from a "b-" rating to a "c+" rating in a research note on Tuesday, August 22nd. StockNews.com initiated coverage on shares of ANSYS in a report on Thursday, August 17th. They set a "hold" rating on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $310.00 target price on shares of ANSYS in a research note on Friday, August 4th. Rosenblatt Securities reiterated a "buy" rating and issued a $320.00 target price on shares of ANSYS in a research note on Friday, August 4th. Finally, Barclays boosted their price target on shares of ANSYS from $292.00 to $303.00 and gave the company an "underweight" rating in a research report on Friday, July 14th.

View Our Latest Stock Report on ANSYS

In other ANSYS news, CEO Ajei Gopal sold 52,221 shares of the company's stock in a transaction on Monday, June 12th. The shares were sold at an average price of $328.01, for a total value of $17,129,010.21. Following the completion of the transaction, the chief executive officer now directly owns 213,977 shares in the company, valued at approximately $70,186,595.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $298.99, for a total transaction of $59,798.00. Following the completion of the sale, the director now directly owns 3,621 shares in the company, valued at approximately $1,082,642.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ajei Gopal sold 52,221 shares of the firm's stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $328.01, for a total transaction of $17,129,010.21. Following the sale, the chief executive officer now directly owns 213,977 shares in the company, valued at approximately $70,186,595.77. The disclosure for this sale can be found here. Insiders sold 68,263 shares of company stock valued at $22,672,660 in the last quarter. Company insiders own 0.53% of the company's stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in shares of ANSYS during the second quarter valued at approximately $29,000. West Tower Group LLC bought a new stake in ANSYS in the second quarter worth $31,000. China Universal Asset Management Co. Ltd. increased its position in ANSYS by 276.9% in the second quarter. China Universal Asset Management Co. Ltd. now owns 98 shares of the software maker's stock worth $32,000 after purchasing an additional 72 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in ANSYS by 57.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 99 shares of the software maker's stock worth $33,000 after purchasing an additional 36 shares during the last quarter. Finally, KB Financial Partners LLC increased its position in ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker's stock worth $35,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 89.68% of the company's stock.

Shares of ANSS opened at $304.89 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $26.46 billion, a PE ratio of 50.82, a P/E/G ratio of 5.71 and a beta of 1.24. The firm's 50 day moving average is $321.81 and its 200-day moving average is $313.09. ANSYS has a 12 month low of $194.23 and a 12 month high of $351.23.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.11. The business had revenue of $496.60 million for the quarter, compared to analyst estimates of $490.05 million. ANSYS had a net margin of 24.12% and a return on equity of 11.83%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Equities research analysts forecast that ANSYS will post 6.61 EPS for the current year.

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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