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

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other research firms have also recently weighed in on ANSS. Robert W. Baird raised their price objective on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Rosenblatt Securities raised their price target on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $348.33.

ANSYS Price Performance

ANSS opened at $334.21 on Friday. The business has a fifty day moving average of $342.81 and a 200 day moving average of $332.47. The stock has a market cap of $29.23 billion, a P/E ratio of 51.02, a PEG ratio of 3.51 and a beta of 1.12. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS has a 52-week low of $289.82 and a 52-week high of $363.03.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.96%. As a group, sell-side analysts anticipate that ANSYS will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS during the 4th quarter valued at approximately $27,000. Quarry LP raised its position in ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock worth $33,000 after acquiring an additional 93 shares during the period. Assetmark Inc. lifted its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after purchasing an additional 103 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of ANSYS in the fourth quarter valued at about $42,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of ANSYS in the fourth quarter valued at about $43,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.