Griffin Securities Upgrades ANSYS (NASDAQ:ANSS) to “Buy”

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Griffin Securities upgraded shares of ANSYS (NASDAQ:ANSS) from a neutral rating to a buy rating in a research note published on Friday, Briefing.com Automated Import reports. Griffin Securities currently has $240.00 price objective on the software maker’s stock.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI reiterated a hold rating and set a $160.00 price target on shares of ANSYS in a research note on Tuesday, August 6th. BidaskClub upgraded shares of ANSYS from a hold rating to a buy rating in a research note on Thursday, August 15th. Wedbush lifted their price target on shares of ANSYS from $221.00 to $228.00 and gave the stock an outperform rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Citigroup started coverage on shares of ANSYS in a research note on Monday, July 22nd. They set a buy rating and a $250.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of ANSYS from an underweight rating to a neutral rating and lifted their price target for the stock from $190.00 to $228.00 in a research note on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $221.00.

ANSS opened at $212.13 on Friday. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $219.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.24 and a quick ratio of 2.24. The firm’s fifty day moving average price is $208.82 and its two-hundred day moving average price is $196.04. The company has a market capitalization of $17.75 billion, a P/E ratio of 40.72 and a beta of 1.41.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.25. ANSYS had a net margin of 31.53% and a return on equity of 17.17%. The firm had revenue of $370.51 million for the quarter, compared to the consensus estimate of $338.31 million. During the same quarter in the previous year, the company earned $1.35 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. On average, equities research analysts expect that ANSYS will post 5.2 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ANSS. Glassman Wealth Services lifted its holdings in shares of ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after acquiring an additional 116 shares during the period. Motco bought a new position in shares of ANSYS during the second quarter valued at $38,000. Ibex Wealth Advisors bought a new position in shares of ANSYS during the second quarter valued at $39,000. CSat Investment Advisory L.P. lifted its holdings in shares of ANSYS by 129.7% during the second quarter. CSat Investment Advisory L.P. now owns 255 shares of the software maker’s stock valued at $52,000 after acquiring an additional 144 shares during the period. Finally, Icon Wealth Partners LLC bought a new position in shares of ANSYS during the first quarter valued at $70,000. 93.64% of the stock is owned by institutional investors.

ANSYS Company Profile

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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