According to Zacks, “ANSYS, Inc., develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. “
ANSS has been the subject of a number of other research reports. Wedbush restated a neutral rating and issued a $86.00 price objective on shares of Ansys in a research report on Thursday, July 28th. Barclays PLC increased their target price on shares of Ansys from $86.00 to $94.00 and gave the company an equal weight rating in a report on Friday, August 5th. Finally, Evercore ISI reaffirmed a buy rating on shares of Ansys in a report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $90.71.
Ansys (NASDAQ:ANSS) traded up 1.18% on Tuesday, reaching $92.82. The company had a trading volume of 116,556 shares. The stock has a 50 day moving average price of $94.46 and a 200 day moving average price of $90.64. The stock has a market capitalization of $8.10 billion, a PE ratio of 32.22 and a beta of 0.99. Ansys has a 52-week low of $80.51 and a 52-week high of $98.99.
Ansys (NASDAQ:ANSS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.05. The firm earned $246.10 million during the quarter, compared to the consensus estimate of $244.84 million. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Analysts expect that Ansys will post $3.62 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. GW&K Investment Management LLC boosted its position in shares of Ansys by 7.4% in the second quarter. GW&K Investment Management LLC now owns 215,725 shares of the company’s stock worth $19,577,000 after buying an additional 14,837 shares during the period. Hartford Investment Management Co. boosted its position in shares of Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares during the period. Geode Capital Management LLC boosted its position in shares of Ansys by 6.6% in the first quarter. Geode Capital Management LLC now owns 604,864 shares of the company’s stock worth $54,087,000 after buying an additional 37,332 shares during the period. Legal & General Group Plc boosted its position in shares of Ansys by 0.9% in the first quarter. Legal & General Group Plc now owns 354,837 shares of the company’s stock worth $31,740,000 after buying an additional 3,182 shares during the period. Finally, Pitcairn Co. boosted its position in shares of Ansys by 9.3% in the second quarter. Pitcairn Co. now owns 16,074 shares of the company’s stock worth $1,459,000 after buying an additional 1,365 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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