ANSYS (NASDAQ:ANSS) Hits New 12-Month High at $200.91

ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $200.91 and last traded at $199.67, with a volume of 6530 shares. The stock had previously closed at $197.13.

Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of ANSYS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 12th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Monday, May 13th. Wedbush reissued an “outperform” rating and issued a $221.00 target price (up from $201.00) on shares of ANSYS in a research report on Friday, May 3rd. Benchmark reissued a “buy” rating and issued a $210.00 target price (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. Finally, Citigroup raised their target price on shares of ANSYS from $203.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. ANSYS presently has a consensus rating of “Buy” and an average target price of $188.14.

The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 38.48 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.11 and a current ratio of 2.11.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $319.91 million for the quarter, compared to analysts’ expectations of $306.17 million. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. ANSYS’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.22 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 5.07 EPS for the current fiscal year.

In other ANSYS news, insider Ajei Gopal sold 9,023 shares of ANSYS stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $186.00, for a total transaction of $1,678,278.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew C. Zack sold 1,116 shares of ANSYS stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $194.80, for a total transaction of $217,396.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,542 shares of company stock worth $2,334,603. 1.11% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ANSS. Cullen Frost Bankers Inc. bought a new stake in shares of ANSYS in the first quarter worth $28,000. Flagship Harbor Advisors LLC increased its stake in ANSYS by 198.4% during the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Glassman Wealth Services increased its stake in ANSYS by 128.9% during the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after purchasing an additional 116 shares during the last quarter. Washington Trust Bank increased its stake in ANSYS by 43.8% during the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after purchasing an additional 64 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in ANSYS by 77.8% during the fourth quarter. AdvisorNet Financial Inc now owns 320 shares of the software maker’s stock valued at $46,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

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About ANSYS (NASDAQ:ANSS)

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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