ANSYS Inc. (NASDAQ:ANSS) shares traded 3.23% higher at $256.42 on Wall Street last session.
In accordance with the data, 20 analysts cover ANSYS Inc. (NASDAQ:ANSS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $392.00 and a low of $209.00, we find $262.50. Given the previous closing price of $248.40, this indicates a potential upside of 5.68 percent. ANSS stock price is now 4.80% away from the 50-day moving average and 2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $21.64B.
It has been rated a hold by 8 analysts and a buy by 8. Brokers who have rated the stock have averaged $261.87 as their price target over the next twelve months.
With the price target enhanced from $281 to $295, Robert W. Baird Upgraded its rating from Neutral to Outperform for ANSYS Inc. (NASDAQ: ANSS). On October 24, 2022, Rosenblatt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $295 to quote $270, while ‘JP Morgan’ rates the stock as ‘Overweight’.
In other news, Emswiler Shane, SVP, Products sold 436 shares of the company’s stock on Oct 04. The stock was sold for $101,845 at an average price of $233.59. Upon completion of the transaction, the SVP, Products now directly owns 26,572 shares in the company, valued at $6.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, Director Dorchak Glenda sold 800 shares of the business’s stock. A total of $204,944 was realized by selling the stock at an average price of $256.18. This leaves the insider owning 4,041 shares of the company worth $1.04 million. Insiders disposed of 70,482 shares of company stock worth roughly $18.07 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ANSS stock. A new stake in ANSYS Inc. shares was purchased by JUPITER ASSET MANAGEMENT LTD during the first quarter worth $18,145,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $16,580,000 in shares of ANSS during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in ANSYS Inc. valued at approximately $5,738,000. TREDJE AP-FONDEN acquired a new stake in ANSS for approximately $4,179,000. BROOKFIELD CORP /ON/ purchased a new stake in ANSS valued at around $4,074,000 in the second quarter. In total, there are 1,097 active investors with 96.30% ownership of the company’s stock.
ANSYS Inc. (NASDAQ: ANSS) opened at $248.09 on Friday. During the past 12 months, ANSYS Inc. has had a low of $194.23 and a high of $345.64. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 2.40. The fifty day moving average price for ANSS is $245.37 and a two-hundred day moving average price translates $250.07 for the stock.
The latest earnings results from ANSYS Inc. (NASDAQ: ANSS) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $1.77, beating analysts’ expectations of $1.6 by 0.17. This compares to $0.97 EPS in the same period last year. The net profit margin was 23.10% and return on equity was 10.50% for ANSS. The company reported revenue of $472.51 million for the quarter, compared to $441.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.1 percent. For the current quarter, analysts expect ANSS to generate $466.94M in revenue.
ANSYS Inc.(ANSS) Company Profile
ANSYS, Inc. develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization. The company also provides electronics product suite that offers field simulation software for designing electronic and electromechanical products; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; fluids product suite that enables modeling of fluid flow and other related physical phenomena; Ansys Granta products to give access to material intelligence; photonic design and simulation tools; and optical sensor and closed-loop, and real-time simulation, as well as safety-certified embedded software solutions. In addition, the company provides Discovery product family for use in the simulation of product design; and academic product suite used in research and teaching settings, which allows students to become familiar with its simulation software. It serves engineers, designers, researchers, and students in the aerospace and defense, automotive transportation and mobility, construction, consumer products, energy, healthcare, high-tech, industrial equipment, materials and chemical processing, and sports industries. The company was founded in 1970 and is headquartered in Canonsburg, Pennsylvania.