ANSYS (ANSS) Cut to “Hold” at ValuEngine

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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.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Monday, August 6th. The software maker reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.25. The business had revenue of $308.90 million for the quarter, compared to analyst estimates of $288.26 million. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. ANSYS’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. On average, analysts predict that ANSYS will post 4.54 EPS for the current year.

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.

About ANSYS

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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Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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