Ansys Inc. (ANSS) Receives New Coverage from Analysts at Evercore ISI
Evercore ISI assumed coverage on shares of Ansys Inc. (NASDAQ:ANSS) in a report released on Wednesday. The firm set a “hold” rating and a $90.00 price target on the stock. Evercore ISI’s target price indicates a potential downside of 2.60% from the company’s previous close.
Several other brokerages also recently issued reports on ANSS. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Ansys in a research note on Wednesday, August 31st. Zacks Investment Research downgraded shares of Ansys from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. KeyCorp reaffirmed a “hold” rating on shares of Ansys in a research note on Saturday, June 4th. Goldman Sachs Group Inc. began coverage on shares of Ansys in a research note on Thursday, May 26th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, Barclays PLC increased their price target on shares of Ansys from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $90.71.
Shares of Ansys (NASDAQ:ANSS) traded up 0.06% during trading on Wednesday, hitting $92.40. 321,172 shares of the company were exchanged. The stock has a market cap of $8.06 billion, a P/E ratio of 32.07 and a beta of 1.01. Ansys has a 12 month low of $80.51 and a 12 month high of $98.99. The company’s 50-day moving average price is $94.77 and its 200 day moving average price is $90.01.
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Ansys (NASDAQ:ANSS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the 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 company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts predict that Ansys will post $3.63 earnings per share for the current fiscal year.
In other news, CFO Maria T. Shields sold 35,000 shares of the firm’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $88.00, for a total value of $3,080,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.72% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in ANSS. LPL Financial LLC raised its stake in Ansys by 0.6% in the first quarter. LPL Financial LLC now owns 3,907 shares of the company’s stock worth $348,000 after buying an additional 22 shares during the last quarter. Pillar Pacific Capital Management LLC raised its stake in Ansys by 0.7% in the second quarter. Pillar Pacific Capital Management LLC now owns 4,324 shares of the company’s stock worth $393,000 after buying an additional 29 shares during the last quarter. Montag & Caldwell LLC raised its stake in Ansys by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,852 shares of the company’s stock worth $713,000 after buying an additional 40 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Ansys by 1.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,373 shares of the company’s stock worth $215,000 after buying an additional 45 shares during the last quarter. Finally, Hartford Investment Management Co. raised its stake in Ansys by 2.3% in the second quarter. Hartford Investment Management Co. now owns 2,483 shares of the company’s stock worth $225,000 after buying an additional 56 shares during the last quarter. 97.25% of the stock is owned by institutional investors and hedge funds.
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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