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

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

A number of other equities analysts have also recently issued reports on ANSS. Robert W. Baird set a $396.00 price target on shares of ANSYS in a research note on Monday. Wall Street Zen cut shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

ANSYS Price Performance

ANSYS stock remained flat at $374.30 during mid-day trading on Monday. The firm has a market capitalization of $32.91 billion, a PE ratio of 55.53, a PEG ratio of 3.85 and a beta of 1.19. The business's 50 day moving average is $348.46 and its 200-day moving average is $334.75. ANSYS has a 1 year low of $275.06 and a 1 year high of $395.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.66 and a current ratio of 3.66.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $504.89 million during 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 business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. As a group, equities analysts anticipate that ANSYS will post 8.32 EPS for the current year.

Institutional Investors Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake 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 acquiring an additional 32 shares during the period. NBC Securities Inc. bought a new stake in ANSYS in the first quarter worth $31,000. Quarry LP lifted its position in ANSYS by 1,550.0% in the fourth quarter. Quarry LP now owns 99 shares of the software maker's stock worth $33,000 after buying an additional 93 shares during the last quarter. Millstone Evans Group LLC bought a new stake in ANSYS in the fourth quarter worth $42,000. Finally, Kapitalo Investimentos Ltda bought a new stake in ANSYS in the fourth quarter worth $43,000. Institutional investors own 92.39% of the company's stock.

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.