Rosenblatt Securities Issues Positive Forecast for ANSYS (NASDAQ:ANSS) Stock Price

ANSYS (NASDAQ:ANSS) had its target price lifted by Rosenblatt Securities from $335.00 to $340.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

A number of other brokerages have also recently issued reports on ANSS. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $348.33.

ANSYS Stock Down 1.8 %

Shares of ANSS opened at $334.21 on Friday. ANSYS has a 1 year low of $289.82 and a 1 year high of $363.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The stock has a 50 day simple moving average of $342.81 and a two-hundred day simple moving average of $332.47. The firm has a market cap of $29.23 billion, a P/E ratio of 51.02, a P/E/G ratio of 3.51 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.96%. On average, analysts forecast that ANSYS will post 8.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On ANSYS

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its stake in ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after buying an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. bought a new position in shares of ANSYS in the 3rd quarter worth approximately $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. KBC Group NV boosted its position in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after purchasing an additional 1,518 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

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.