ANSYS (NASDAQ:ANSS) Upgraded to Buy by StockNews.com

ANSYS (NASDAQ:ANSS - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

Separately, Rosenblatt Securities reduced their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $318.33.

ANSYS Stock Up 2.3 %

NASDAQ ANSS traded up $7.24 during mid-day trading on Tuesday, reaching $328.41. The stock had a trading volume of 314,874 shares, compared to its average volume of 524,609. ANSYS has a 1 year low of $258.01 and a 1 year high of $364.31. The stock has a market cap of $28.67 billion, a PE ratio of 65.95, a price-to-earnings-growth ratio of 6.99 and a beta of 1.11. The company has a fifty day moving average price of $320.32 and a 200 day moving average price of $321.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

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

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. DT Investment Partners LLC raised its position in shares of ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in ANSYS during the 2nd quarter valued at about $32,000. Rothschild Investment LLC purchased a new stake in ANSYS during the 2nd quarter valued at about $38,000. Bangor Savings Bank grew its stake in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after acquiring an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its stake in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.