ANSYS (NASDAQ:ANSS) Releases FY19 Earnings Guidance

ANSYS (NASDAQ:ANSS) updated its FY19 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.98-6.28 for the period, compared to the Thomson Reuters consensus estimate of $5.96. The company issued revenue guidance of $1.46-1.5 billion, compared to the consensus revenue estimate of $1.46 billion.ANSYS also updated its FY 2019 guidance to $5.98-6.28 EPS.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of ANSYS from a hold rating to a buy rating and set a $215.00 price target on the stock in a research report on Monday, May 13th. BidaskClub lowered shares of ANSYS from a buy rating to a hold rating in a research report on Tuesday, July 30th. Benchmark reiterated a buy rating and issued a $210.00 price target (up from $203.00) on shares of ANSYS in a research report on Friday, May 3rd. KeyCorp assumed coverage on shares of ANSYS in a research report on Wednesday, April 10th. They issued a sector weight rating on the stock. Finally, Wedbush increased their price target on shares of ANSYS from $221.00 to $228.00 and gave the company an outperform rating in a research report on Thursday, July 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $197.50.

NASDAQ ANSS traded down $5.20 during mid-day trading on Monday, reaching $190.15. 931,499 shares of the stock were exchanged, compared to its average volume of 409,578. ANSYS has a 1-year low of $136.80 and a 1-year high of $215.39. The firm’s fifty day simple moving average is $206.44. The firm has a market capitalization of $16.40 billion, a PE ratio of 36.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11.

In related news, Director William R. Mcdermott sold 1,765 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $181.53, for a total transaction of $320,400.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alec D. Gallimore sold 638 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total transaction of $118,527.64. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by company insiders.

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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