ANSYS (ANSS) Set to Announce Earnings on Wednesday

ANSYS (NASDAQ:ANSS) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect ANSYS to post earnings of $1.88 per share for the quarter.

ANSYS Trading Up 1.0 %

NASDAQ ANSS opened at $323.75 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS has a 1-year low of $258.01 and a 1-year high of $364.31. The firm’s fifty day simple moving average is $320.18 and its 200-day simple moving average is $321.48. The company has a market capitalization of $28.29 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 6.87 and a beta of 1.11.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities dropped their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, ANSYS has a consensus rating of “Hold” and an average price target of $325.00.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.46% 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.