Investment analysts at StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS – Get Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the software maker’s stock.

Several other equities research analysts have also recently commented on the stock. KeyCorp started coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $320.00.

View Our Latest Report on ANSYS

ANSYS Stock Up 0.5 %

Shares of NASDAQ:ANSS opened at $312.26 on Friday. The company has a 50 day moving average price of $323.68 and a two-hundred day moving average price of $331.05. The company has a market capitalization of $27.26 billion, a PE ratio of 62.70, a PEG ratio of 6.92 and a beta of 1.11. ANSYS has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80.

ANSYS (NASDAQ:ANSS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 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 business had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period in the previous year, the business posted $1.45 EPS. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts forecast that ANSYS will post 7.05 earnings per share for the current year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 159 shares of the firm’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 transaction, the director now directly owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

Institutional Trading or ANSYS

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of ANSYS in the 4th quarter valued at $282,329,000. Swedbank AB acquired a new position in ANSYS during the first quarter worth about $128,089,000. M&G Plc bought a new position in shares of ANSYS in the first quarter worth about $115,922,000. Point72 Asset Management LP boosted its stake in shares of ANSYS by 210.1% in the 4th quarter. Point72 Asset Management LP now owns 325,000 shares of the software maker’s stock valued at $117,936,000 after purchasing an additional 220,200 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of ANSYS during the 1st quarter valued at approximately $72,797,000. Institutional investors own 92.39% of the company’s stock.

ANSYS Company Profile

(Get Free Report)

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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