ANSYS (NASDAQ:ANSS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Saturday morning. The firm issued a hold rating on the software maker’s stock.

Several other research firms also recently weighed in on ANSS. Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a neutral rating for the company in a report on Tuesday, August 6th. KeyCorp started coverage on ANSYS in a report on Thursday, June 27th. They issued a sector weight rating for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $318.33.

ANSYS Stock Down 0.1 %

NASDAQ:ANSS opened at $318.05 on Friday. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a market cap of $27.77 billion, a price-to-earnings ratio of 63.87, a price-to-earnings-growth ratio of 6.80 and a beta of 1.12. The stock has a fifty day simple moving average of $316.56 and a 200-day simple moving average of $325.52. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts anticipate that ANSYS will post 7.32 EPS for the current year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On ANSYS

Large investors have recently modified their holdings of the business. Quest Partners LLC purchased a new position in ANSYS in the fourth quarter valued at about $29,000. DT Investment Partners LLC grew its stake in ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in ANSYS in the second quarter worth about $32,000. DSM Capital Partners LLC acquired a new position in ANSYS in the fourth quarter valued at approximately $34,000. Finally, Rothschild Investment LLC acquired a new position in ANSYS in the second quarter valued at approximately $38,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

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.