ANSYS (NASDAQ:ANSS) Given New $340.00 Price Target at Rosenblatt Securities

ANSYS (NASDAQ:ANSS) had its target price hoisted by Rosenblatt Securities from $335.00 to $340.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Other analysts have also issued reports about the company. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $348.33.

ANSYS Stock Performance

Shares of ANSS stock opened at $334.21 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm has a 50-day moving average of $342.81 and a 200-day moving average of $332.47. ANSYS has a one year low of $289.82 and a one year high of $363.03. The company has a market cap of $29.23 billion, a P/E ratio of 51.02, a P/E/G ratio of 3.51 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.96%. The firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. Equities research analysts forecast that ANSYS will post 8.32 EPS for the current fiscal year.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ANSS. Stock Yards Bank & Trust Co. grew its position in ANSYS by 1.3% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after buying an additional 30 shares in the last quarter. Greenleaf Trust grew its holdings in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock worth $1,473,000 after purchasing an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after purchasing an additional 35 shares during the last quarter. Finally, BTC Capital Management Inc. raised its stake in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock valued at $506,000 after purchasing an additional 36 shares in the last quarter. Institutional investors 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.