ANSYS's (ANSS) Neutral Rating Reiterated at Robert W. Baird

ANSYS (NASDAQ:ANSS - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Robert W. Baird in a report issued on Monday, MarketBeat Ratings reports. They currently have a $396.00 target price on the software maker's stock, up from their previous target price of $349.00. Robert W. Baird's price target would suggest a potential upside of 2.10% from the company's current price.

Separately, Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Trading Down 1.2%

Shares of ANSS traded down $4.87 during trading hours on Monday, hitting $387.85. 18,880,893 shares of the stock traded hands, compared to its average volume of 631,082. The firm has a market capitalization of $34.10 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 4.04 and a beta of 1.19. ANSYS has a 1-year low of $275.06 and a 1-year high of $395.49. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $347.39 and a 200-day moving average of $334.41.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. During the same period last year, the firm earned $1.39 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that ANSYS will post 8.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its holdings in shares of ANSYS by 8.0% during the second quarter. V Square Quantitative Management LLC now owns 2,390 shares of the software maker's stock worth $839,000 after buying an additional 178 shares in the last quarter. WD Rutherford LLC acquired a new position in ANSYS during the 2nd quarter worth approximately $74,000. Signaturefd LLC grew its stake in shares of ANSYS by 5.6% during the 2nd quarter. Signaturefd LLC now owns 1,690 shares of the software maker's stock worth $594,000 after acquiring an additional 90 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of ANSYS by 25.6% in the second quarter. State of Alaska Department of Revenue now owns 12,863 shares of the software maker's stock valued at $4,517,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new stake in shares of ANSYS in the second quarter worth $241,000. Institutional investors and hedge funds 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.