ANSYS (NASDAQ:ANSS) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday, BidAskClub reports.

Several other brokerages have also recently weighed in on ANSS. Wedbush restated an “outperform” rating and issued a $221.00 price target (up previously from $201.00) on shares of ANSYS in a research report on Friday, May 3rd. Benchmark restated a “buy” rating and issued a $210.00 price target (up previously from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “strong-buy” rating and set a $223.00 price target on the stock in a research report on Tuesday, April 30th. Evercore ISI restated a “hold” rating and issued a $155.00 price target on shares of ANSYS in a research report on Thursday, May 2nd. Finally, Citigroup boosted their price target on shares of ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $188.14.

Shares of ANSS opened at $194.81 on Wednesday. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $200.40. The firm has a market capitalization of $16.22 billion, a P/E ratio of 37.39 and a beta of 1.37. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $319.91 million for the quarter, compared to analysts’ expectations of $306.17 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. ANSYS’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, analysts anticipate that ANSYS will post 5.07 EPS for the current year.

In other ANSYS news, insider Ajei Gopal sold 9,023 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $186.00, for a total transaction of $1,678,278.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Matthew C. Zack sold 1,116 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $194.80, for a total transaction of $217,396.80. The disclosure for this sale can be found here. Insiders have sold 12,542 shares of company stock worth $2,334,603 in the last quarter. Company insiders own 1.11% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of ANSYS during the first quarter valued at $28,000. Flagship Harbor Advisors LLC boosted its stake in shares of ANSYS by 198.4% during the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the period. Glassman Wealth Services boosted its stake in shares of ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after purchasing an additional 116 shares during the period. Washington Trust Bank boosted its stake in shares of ANSYS by 43.8% during the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of ANSYS by 77.8% during the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.

ANSYS Company Profile

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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