Baird R W Downgrades ANSYS (NASDAQ:ANSS) to Hold

ANSYS (NASDAQ:ANSS - Get Free Report) was downgraded by equities researchers at Baird R W from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Wall Street Zen cut ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Robert W. Baird set a $396.00 price objective on ANSYS in a research note on Monday.

ANSYS Stock Up 3.0%

ANSS stock opened at $385.85 on Monday. 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 business has a 50 day moving average price of $345.03 and a two-hundred day moving average price of $333.72. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 57.25, a P/E/G ratio of 3.85 and a beta of 1.19. ANSYS has a twelve month low of $275.06 and a twelve month high of $395.49.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its holdings in ANSYS by 68.1% during the 1st quarter. Harbour Investments Inc. now owns 79 shares of the software maker's stock worth $25,000 after purchasing an additional 32 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of ANSYS by 0.8% in the first quarter. Townsquare Capital LLC now owns 4,693 shares of the software maker's stock valued at $1,486,000 after acquiring an additional 36 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of ANSYS by 2.8% in the first quarter. Personal CFO Solutions LLC now owns 1,410 shares of the software maker's stock valued at $446,000 after acquiring an additional 38 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC grew its holdings in shares of ANSYS by 1.8% in the second quarter. NorthCrest Asset Manangement LLC now owns 2,159 shares of the software maker's stock valued at $793,000 after acquiring an additional 38 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

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.

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