Robert W. Baird Reiterates "Neutral" Rating for ANSYS (NASDAQ:ANSS)

ANSYS (NASDAQ:ANSS - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Robert W. Baird in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $396.00 target price on the software maker's stock, up from their prior target price of $349.00. Robert W. Baird's target price suggests a potential upside of 2.63% from the company's current price.

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

ANSYS Trading Up 3.0%

ANSS stock traded up $11.33 during trading on Monday, hitting $385.85. The company had a trading volume of 4,584,891 shares, compared to its average volume of 653,532. The firm has a 50-day moving average price of $343.81 and a 200-day moving average price of $333.40. ANSYS has a 12 month low of $275.06 and a 12 month high of $395.49. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The stock has a market cap of $33.92 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.85 and a beta of 1.19.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its 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). The firm had revenue of $504.89 million for the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. As a group, analysts predict that ANSYS will post 8.32 earnings per share for the current year.

Institutional Trading of ANSYS

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in ANSYS by 39.6% during the second quarter. GAMMA Investing LLC now owns 3,209 shares of the software maker's stock valued at $1,127,000 after purchasing an additional 911 shares during the period. Park Avenue Securities LLC lifted its position in ANSYS by 1.0% in the 2nd quarter. Park Avenue Securities LLC now owns 5,193 shares of the software maker's stock valued at $1,824,000 after acquiring an additional 53 shares in the last quarter. BTC Capital Management Inc. boosted its stake in ANSYS by 18.7% in the 2nd quarter. BTC Capital Management Inc. now owns 2,056 shares of the software maker's stock worth $722,000 after purchasing an additional 324 shares during the period. CX Institutional increased its holdings in ANSYS by 16.3% during the 2nd quarter. CX Institutional now owns 586 shares of the software maker's stock worth $206,000 after purchasing an additional 82 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of ANSYS by 3.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 12,465 shares of the software maker's stock valued at $4,378,000 after purchasing an additional 443 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

About ANSYS

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.