ANSYS (ANSS) Scheduled to Post Earnings on Wednesday

ANSYS (NASDAQ:ANSS) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect ANSYS to post earnings of $1.88 per share for the quarter.

ANSYS Price Performance

Shares of ANSS opened at $324.16 on Tuesday. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 57.27, a price-to-earnings-growth ratio of 6.87 and a beta of 1.11. 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 stock’s fifty day moving average is $320.27 and its 200-day moving average is $321.48. ANSYS has a one year low of $275.81 and a one year high of $364.31.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $325.00.

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.