ANSYS (NASDAQ:ANSS) Price Target Raised to $228.00

ANSYS (NASDAQ:ANSS) had its target price boosted by Wedbush from $221.00 to $228.00 in a research report sent to investors on Thursday, The Fly reports. The firm currently has an outperform rating on the software maker’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages also recently commented on ANSS. BidaskClub downgraded Virtu Financial from a sell rating to a strong sell rating in a research report on Wednesday, June 12th. Benchmark reiterated a buy rating and set a $210.00 price objective (up previously from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. Citigroup downgraded BCE from a buy rating to a neutral rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. Finally, KeyCorp increased their price objective on Ingersoll-Rand from $112.00 to $130.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $194.33.

Shares of NASDAQ:ANSS opened at $212.28 on Thursday. ANSYS has a one year low of $136.80 and a one year high of $212.66. The firm’s fifty day moving average is $196.66. The firm has a market cap of $17.82 billion, a P/E ratio of 40.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. ANSYS had a return on equity of 17.08% and a net margin of 31.73%. The company had revenue of $319.91 million during the quarter, compared to the consensus estimate of $306.17 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, research analysts expect that ANSYS will post 5.07 earnings per share for the current fiscal year.

In other ANSYS news, VP Matthew C. Zack sold 1,116 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $194.80, for a total transaction of $217,396.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alec D. Gallimore sold 638 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $185.78, for a total transaction of $118,527.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,519 shares of company stock worth $656,325. Company insiders own 1.11% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of ANSYS by 12.2% in the 4th quarter. LPL Financial LLC now owns 2,859 shares of the software maker’s stock valued at $409,000 after buying an additional 310 shares during the period. Advisor Group Inc. raised its holdings in ANSYS by 13.0% during the fourth quarter. Advisor Group Inc. now owns 7,001 shares of the software maker’s stock worth $1,001,000 after purchasing an additional 808 shares during the last quarter. GSA Capital Partners LLP acquired a new position in ANSYS during the fourth quarter worth $296,000. NumerixS Investment Technologies Inc acquired a new position in ANSYS during the fourth quarter worth $100,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in ANSYS by 5.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 13,907 shares of the software maker’s stock worth $1,988,000 after purchasing an additional 739 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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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