ANSYS (NASDAQ:ANSS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of ANSYS (NASDAQ:ANSS) from a hold rating to a buy rating in a research report released on Friday.

Separately, Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

ANSYS Stock Performance

Shares of ANSYS stock opened at $302.74 on Friday. The firm has a market cap of $26.54 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. ANSYS has a 52 week low of $275.06 and a 52 week high of $363.03. The business’s fifty day simple moving average is $319.11 and its 200-day simple moving average is $332.09.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Equities analysts forecast that ANSYS will post 8.32 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANSS. FNY Investment Advisers LLC grew its stake in shares of ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of ANSYS by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of ANSYS during the 4th quarter worth about $255,000. Ulland Investment Advisors LLC increased its holdings in shares of ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after acquiring an additional 1,366 shares during the last quarter. Finally, CCLA Investment Management raised its position in shares of ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after acquiring an additional 47,331 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.