ANSYS, Inc. (NASDAQ:ANSS) Receives Consensus Rating of "Reduce" from Brokerages

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) has been assigned a consensus rating of "Reduce" from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $318.33.

ANSS has been the subject of a number of research reports. StockNews.com started coverage on shares of ANSYS in a report on Sunday, September 22nd. They issued a "hold" rating for the company. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANSS. Bangor Savings Bank grew its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after buying an additional 34 shares during the period. Wasatch Advisors LP increased its stake in shares of ANSYS by 1.8% during the 1st quarter. Wasatch Advisors LP now owns 2,082 shares of the software maker's stock worth $723,000 after purchasing an additional 36 shares during the last quarter. Gardner Lewis Asset Management L P raised its holdings in shares of ANSYS by 1.9% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock worth $699,000 after purchasing an additional 40 shares during the period. Mission Wealth Management LP lifted its stake in ANSYS by 5.7% in the first quarter. Mission Wealth Management LP now owns 758 shares of the software maker's stock valued at $263,000 after purchasing an additional 41 shares during the last quarter. Finally, PFG Advisors grew its holdings in ANSYS by 0.4% during the second quarter. PFG Advisors now owns 12,316 shares of the software maker's stock valued at $3,960,000 after purchasing an additional 46 shares during the period. Institutional investors own 92.39% of the company's stock.

ANSYS Trading Up 0.4 %

ANSYS stock traded up $1.44 during mid-day trading on Friday, hitting $322.81. 300,421 shares of the stock were exchanged, compared to its average volume of 526,402. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 64.82, a PEG ratio of 6.99 and a beta of 1.11. ANSYS has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm's fifty day simple moving average is $320.38 and its two-hundred day simple moving average is $321.99.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Analysts forecast that ANSYS will post 7.32 EPS for the current year.

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.