According to Zacks, “ANSYS, Inc., develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. The Company and its global network of channel partners provide sales, support and training for customers. “
Other analysts also recently issued research reports about the stock. Evercore ISI reaffirmed a buy rating on shares of Ansys in a report on Friday, September 16th. Barclays PLC lifted their target price on shares of Ansys from $86.00 to $94.00 and gave the company an equal weight rating in a report on Friday, August 5th. Finally, Wedbush reaffirmed a neutral rating and issued a $88.00 target price on shares of Ansys in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $90.71.
Ansys (NASDAQ:ANSS) opened at 92.11 on Tuesday. The firm has a market cap of $8.03 billion, a P/E ratio of 31.97 and a beta of 0.99. Ansys has a 52-week low of $80.51 and a 52-week high of $98.99. The company’s 50 day moving average is $94.19 and its 200 day moving average is $90.66.
Ansys (NASDAQ:ANSS) last issued its earnings results on Thursday, August 4th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The business had revenue of $246.10 million for the quarter, compared to the consensus estimate of $244.84 million. Ansys had a net margin of 27.06% and a return on equity of 13.33%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Ansys will post $3.62 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in ANSS. Panagora Asset Management Inc. boosted its stake in shares of Ansys by 25.0% in the second quarter. Panagora Asset Management Inc. now owns 1,125 shares of the company’s stock valued at $102,000 after buying an additional 225 shares during the period. FineMark National Bank & Trust boosted its stake in shares of Ansys by 76.6% in the second quarter. FineMark National Bank & Trust now owns 1,187 shares of the company’s stock valued at $108,000 after buying an additional 515 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ansys during the second quarter valued at approximately $118,000. Invictus RG bought a new stake in shares of Ansys during the first quarter valued at approximately $137,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Ansys by 8.9% in the second quarter. Pacer Advisors Inc. now owns 1,511 shares of the company’s stock valued at $137,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Ansys Company Profile
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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