ANSYS (NASDAQ:ANSS) Receiving Somewhat Favorable Media Coverage, Analysis Shows

Media coverage about ANSYS (NASDAQ:ANSS) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ANSYS earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.6308214984906 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

ANSS has been the subject of several research analyst reports. Goldman Sachs Group raised shares of ANSYS from a “neutral” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Wednesday, June 20th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research note on Monday, May 28th. Barclays raised their target price on shares of ANSYS from $152.00 to $162.00 and gave the company an “underweight” rating in a research note on Wednesday, August 8th. Robert W. Baird raised their target price on shares of ANSYS from $165.00 to $197.00 and gave the company an “outperform” rating in a research note on Monday, June 25th. Finally, Evercore ISI reaffirmed a “hold” rating and set a $150.00 target price on shares of ANSYS in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $165.45.

Shares of NASDAQ:ANSS traded up $0.61 on Friday, reaching $185.98. The company’s stock had a trading volume of 478,700 shares, compared to its average volume of 477,378. ANSYS has a 52-week low of $119.20 and a 52-week high of $187.12. The stock has a market capitalization of $15.52 billion, a P/E ratio of 51.52 and a beta of 0.96.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. ANSYS had a net margin of 25.98% and a return on equity of 14.95%. The business had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $288.26 million. During the same period last year, the company posted $0.99 EPS. The business’s revenue was up 16.9% on a year-over-year basis. equities research analysts forecast that ANSYS will post 4.54 earnings per share for the current year.

In other news, Director Alec D. Gallimore sold 276 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $173.76, for a total value of $47,957.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Cashman III sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $171.39, for a total transaction of $5,141,700.00. The disclosure for this sale can be found here. Insiders sold a total of 33,776 shares of company stock valued at $5,785,323 over the last three months. Corporate insiders own 1.10% of the company’s stock.

About ANSYS

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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Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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