ValuEngine downgraded shares of ANSYS (NASDAQ:ANSS) from a buy rating to a hold rating in a research report report published on Saturday.
Several other research analysts have also issued reports on ANSS. Zacks Investment Research lowered shares of ANSYS from a strong-buy rating to a hold rating in a research note on Tuesday, July 3rd. BidaskClub lowered shares of ANSYS from a strong-buy rating to a buy rating in a research note on Wednesday, July 25th. Royal Bank of Canada increased their target price on shares of ANSYS to $180.00 and gave the stock a market perform rating in a research note on Monday, August 6th. Evercore ISI reissued a hold rating and set a $150.00 target price on shares of ANSYS in a research note on Monday, August 6th. Finally, Guggenheim initiated coverage on shares of ANSYS in a research note on Tuesday, August 7th. They set a buy rating and a $210.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $172.18.
Shares of NASDAQ ANSS opened at $146.20 on Friday. The firm has a market cap of $12.10 billion, a P/E ratio of 40.50 and a beta of 1.06. ANSYS has a 12-month low of $134.45 and a 12-month high of $190.45.
In other ANSYS news, VP Shane Emswiler sold 3,511 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $187.19, for a total value of $657,224.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Cashman III sold 30,000 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $171.39, for a total transaction of $5,141,700.00. The disclosure for this sale can be found here. Insiders sold 45,850 shares of company stock worth $8,098,846 over the last ninety days. Insiders own 1.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Bartlett & Co. LLC bought a new position in shares of ANSYS in the third quarter valued at $114,000. Fort L.P. purchased a new stake in shares of ANSYS in the second quarter valued at about $121,000. Piedmont Investment Advisors LLC purchased a new stake in shares of ANSYS in the second quarter valued at about $166,000. Steward Partners Investment Advisory LLC raised its holdings in shares of ANSYS by 338.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after purchasing an additional 803 shares during the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new stake in shares of ANSYS in the third quarter valued at about $204,000. 94.41% of the stock is currently owned by hedge funds and other institutional investors.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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