The price of Ansys Inc. (NASDAQ:ANSS) shares last traded on Wall Street fell -0.22% to $347.16.
ANSS stock price is now 3.15% away from the 50-day moving average and 9.35% away from the 200-day moving average. The market capitalization of the company currently stands at $30.21B.
With the price target reduced from $356 to $295, BofA Securities Downgraded its rating from Buy to Underperform for Ansys Inc. (NASDAQ: ANSS). On December 14, 2022, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $281 to quote $295, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Dorchak Glenda, Director sold 200 shares of the company’s stock on Jan 08 ’24. The stock was sold for $69,136 at an average price of $345.68. Upon completion of the transaction, the Director now directly owns 3,199 shares in the company, valued at $1.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’23, President and CEO Gopal Ajei sold 9,566 shares of the business’s stock. A total of $2,853,442 was realized by selling the stock at an average price of $298.29. This leaves the insider owning 213,977 shares of the company worth $74.28 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Ansys Inc. has had a low of $258.01 and a high of $364.31. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 2.30, and a quick ratio of 2.30. According to the stock market information, the enterprise value for the company is $30.26B, which is based on a 60.67 price-to-earnings ratio, a 6.63 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for ANSS is $336.55 and a two-hundred day moving average price translates $317.47 for the stock.
The latest earnings results from Ansys Inc. (NASDAQ: ANSS) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $3.94, beating analysts’ expectations of $3.71 by 0.23. This compares to $2.95 EPS in the same period last year. The net profit margin was 22.05% and return on equity was 9.76% for ANSS. The company reported revenue of $805.11 million for the quarter, compared to $694.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.99 percent. For the current quarter, analysts expect ANSS to generate $550.43M in revenue.
