ANSYS (NASDAQ:ANSS) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of ANSYS (NASDAQ:ANSS) in a research note released on Wednesday. The firm issued a hold rating on the software maker’s stock.

Separately, Rosenblatt Securities reiterated a neutral rating and set a $345.00 price objective on shares of ANSYS in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $320.00.

ANSYS Stock Down 0.1 %

ANSS opened at $321.50 on Wednesday. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The stock’s fifty day simple moving average is $324.93 and its 200 day simple moving average is $332.46. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $28.07 billion, a PE ratio of 64.56, a price-to-earnings-growth ratio of 7.05 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same quarter last year, the company posted $1.45 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that ANSYS will post 7.16 earnings per share for the current year.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 150 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Trading of ANSYS

Several large investors have recently modified their holdings of ANSS. CVA Family Office LLC acquired a new stake in shares of ANSYS during the 4th quarter worth $28,000. Raleigh Capital Management Inc. boosted its stake in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares in the last quarter. Quest Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at about $29,000. DSM Capital Partners LLC acquired a new stake in ANSYS in the fourth quarter valued at about $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in ANSYS in the fourth quarter valued at about $40,000. 92.39% of the stock is owned by institutional investors and hedge funds.

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.