StockNews.com Initiates Coverage on ANSYS (NASDAQ:ANSS)

StockNews.com began coverage on shares of ANSYS (NASDAQ:ANSS) in a research report issued on Friday. The brokerage set a “hold” rating on the software maker’s stock.

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

ANSYS Trading Down 1.5 %

Shares of NASDAQ ANSS opened at $305.04 on Friday. ANSYS has a fifty-two week low of $258.01 and a fifty-two week high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 6.89 and a beta of 1.12. The business’s 50 day moving average price is $317.94 and its 200-day moving average price is $326.44.

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. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. On average, sell-side analysts expect that ANSYS will post 7.32 earnings per share for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS 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 transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

Institutional Trading of ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of ANSYS in the fourth quarter worth approximately $29,000. DT Investment Partners LLC grew its holdings in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter worth $32,000. DSM Capital Partners LLC purchased a new position in shares of ANSYS during the 4th quarter worth $34,000. Finally, Rothschild Investment LLC acquired a new position in shares of ANSYS during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

About ANSYS

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.