ANSYS, Inc. (ANSS) Downgraded by BidAskClub

ANSYS, Inc. (NASDAQ:ANSS) was downgraded by BidAskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts have also issued reports on the company. Citigroup Inc lowered ANSYS from a “buy” rating to a “neutral” rating and lifted their price target for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Zacks Investment Research upgraded ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of ANSYS in a research report on Thursday, February 23rd. Wedbush boosted their price objective on ANSYS from $88.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, February 24th. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $101.57.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

ANSYS (NASDAQ ANSS) traded down 0.43% during trading on Friday, reaching $126.41. The company’s stock had a trading volume of 39,259 shares. The company’s 50 day moving average price is $119.84 and its 200-day moving average price is $104.48. ANSYS has a 1-year low of $82.28 and a 1-year high of $129.85. The stock has a market cap of $10.81 billion, a P/E ratio of 40.87 and a beta of 1.01.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. ANSYS had a return on equity of 13.39% and a net margin of 27.20%. The company had revenue of $253.41 million for the quarter, compared to analyst estimates of $241.52 million. Equities analysts forecast that ANSYS will post $3.78 earnings per share for the current fiscal year.

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In other ANSYS news, VP Sheila S. Dinardo sold 4,856 shares of ANSYS stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $105.17, for a total transaction of $510,705.52. Following the transaction, the vice president now directly owns 8,842 shares of the company’s stock, valued at approximately $929,913.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Walid Abu-Hadba sold 11,276 shares of ANSYS stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $2.93, for a total value of $33,038.68. Following the transaction, the insider now directly owns 11,276 shares in the company, valued at $33,038.68. The disclosure for this sale can be found here. Insiders have sold a total of 25,932 shares of company stock worth $1,705,784 over the last ninety days. Company insiders own 1.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new position in shares of ANSYS during the first quarter worth about $128,000. Global X Management Co. LLC increased its position in shares of ANSYS by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,263 shares of the software maker’s stock worth $135,000 after buying an additional 296 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in shares of ANSYS during the fourth quarter worth about $125,000. Pacer Advisors Inc. increased its position in shares of ANSYS by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,539 shares of the software maker’s stock worth $164,000 after buying an additional 44 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of ANSYS by 0.6% in the first quarter. Huntington National Bank now owns 1,549 shares of the software maker’s stock worth $166,000 after buying an additional 9 shares in the last quarter. 94.87% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ANSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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