ANSYS, Inc. (ANSS) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of ANSYS, Inc. (NASDAQ:ANSS) have been given an average rating of “Buy” by the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $174.18.

ANSS has been the topic of several research reports. ValuEngine cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Needham & Company LLC upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price target on the stock in a research report on Monday, October 29th. Wedbush upgraded shares of ANSYS from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $180.00 to $184.00 in a research report on Friday, November 2nd. Benchmark upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research report on Monday, November 5th. Finally, Stifel Nicolaus initiated coverage on shares of ANSYS in a research report on Tuesday, December 18th. They issued a “hold” rating and a $162.00 price target on the stock.

Shares of ANSS opened at $174.46 on Wednesday. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $190.45. The firm has a market capitalization of $14.58 billion, a P/E ratio of 48.33 and a beta of 1.34.

In other ANSYS news, VP Richard S. Mahoney sold 8,347 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $140.44, for a total transaction of $1,172,252.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $171.73, for a total transaction of $601,055.00. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ANSS. Advisors Asset Management Inc. increased its position in ANSYS by 52.5% during the second quarter. Advisors Asset Management Inc. now owns 14,182 shares of the software maker’s stock valued at $2,470,000 after acquiring an additional 4,884 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ANSYS by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock valued at $271,901,000 after purchasing an additional 60,785 shares during the period. Bank of Montreal Can boosted its stake in shares of ANSYS by 44.1% during the third quarter. Bank of Montreal Can now owns 74,837 shares of the software maker’s stock valued at $13,971,000 after purchasing an additional 22,917 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of ANSYS by 14.5% during the third quarter. IFM Investors Pty Ltd now owns 4,213 shares of the software maker’s stock valued at $786,000 after purchasing an additional 534 shares during the period. Finally, Leavell Investment Management Inc. boosted its stake in shares of ANSYS by 34.0% during the third quarter. Leavell Investment Management Inc. now owns 4,727 shares of the software maker’s stock valued at $882,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 92.84% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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