ANSYS (ANSS) Downgraded by BidaskClub

BidaskClub lowered shares of ANSYS (NASDAQ:ANSS) from a hold rating to a sell rating in a research report released on Friday morning.

A number of other equities research analysts also recently issued reports on ANSS. Goldman Sachs Group raised shares of ANSYS from a neutral rating to a buy rating and set a $112.00 price objective for the company in a research report on Wednesday, June 20th. Robert W. Baird upped their target price on shares of ANSYS from $165.00 to $197.00 and gave the stock an outperform rating in a report on Monday, June 25th. Zacks Investment Research downgraded shares of ANSYS from a strong-buy rating to a hold rating in a report on Tuesday, July 3rd. Royal Bank of Canada upped their target price on shares of ANSYS to $180.00 and gave the stock a market perform rating in a report on Monday, August 6th. Finally, Evercore ISI reaffirmed a hold rating and issued a $150.00 target price on shares of ANSYS in a report on Monday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. ANSYS has an average rating of Hold and an average target price of $172.20.

Shares of ANSS stock opened at $158.90 on Friday. ANSYS has a 1 year low of $127.68 and a 1 year high of $190.45. The firm has a market cap of $15.74 billion, a PE ratio of 44.02 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The firm had revenue of $308.90 million during the quarter, compared to the consensus estimate of $288.26 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. On average, sell-side analysts forecast that ANSYS will post 4.54 earnings per share for the current year.

In related news, Director Michael Thurk sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $170.19, for a total value of $595,665.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alec D. Gallimore sold 276 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $173.76, for a total transaction of $47,957.76. The disclosure for this sale can be found here. Insiders sold a total of 49,350 shares of company stock valued at $8,694,511 in the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of ANSS. Fort L.P. purchased a new stake in ANSYS in the 2nd quarter worth $121,000. Piedmont Investment Advisors LLC purchased a new stake in ANSYS in the 2nd quarter worth $166,000. Steward Partners Investment Advisory LLC lifted its stake in ANSYS by 338.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock worth $181,000 after purchasing an additional 803 shares in the last quarter. Eagle Ridge Investment Management purchased a new stake in ANSYS in the 2nd quarter worth $216,000. Finally, Putnam Investments LLC purchased a new stake in ANSYS in the 2nd quarter worth $218,000. 95.32% 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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