ANSYS (NASDAQ:ANSS) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.15-1.28 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of $320-340 million, compared to the consensus revenue estimate of $333.26 million.ANSYS also updated its FY 2019 guidance to $5.98-6.28 EPS.
A number of analysts have recently weighed in on the stock. Evercore ISI restated a hold rating and issued a $160.00 price objective on shares of ANSYS in a research note on Tuesday. BidaskClub lowered shares of ANSYS from a buy rating to a hold rating in a report on Tuesday, July 30th. Benchmark reaffirmed a buy rating and issued a $210.00 target price (up previously from $203.00) on shares of ANSYS in a report on Friday, May 3rd. Citigroup started coverage on shares of ANSYS in a report on Monday, July 22nd. They issued a buy rating and a $250.00 target price on the stock. Finally, 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 report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $197.31.
ANSYS stock traded up $7.92 during trading hours on Tuesday, reaching $198.07. 38,484 shares of the company’s stock traded hands, compared to its average volume of 379,367. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.11 and a quick ratio of 2.11. ANSYS has a fifty-two week low of $136.80 and a fifty-two week high of $215.39. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 38.06 and a beta of 1.42. The business’s 50 day moving average price is $206.44.
In other news, Director Alec D. Gallimore sold 638 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $185.78, for a total value of $118,527.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Mcdermott sold 1,765 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $181.53, for a total value of $320,400.45. The disclosure for this sale can be found here. Corporate insiders own 1.11% of the company’s stock.
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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