ANSYS (NASDAQ:ANSS) Announces Quarterly Earnings Results, Misses Expectations By $0.54 EPS

ANSYS (NASDAQ:ANSS - Get Free Report) released its quarterly earnings data on Wednesday. The software maker reported $1.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.54), Briefing.com reports. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period in the previous year, the business posted $1.45 EPS. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year.

ANSYS Stock Performance

NASDAQ:ANSS traded down $6.95 during midday trading on Thursday, reaching $314.53. The stock had a trading volume of 1,084,482 shares, compared to its average volume of 676,882. The firm has a fifty day simple moving average of $336.00 and a two-hundred day simple moving average of $322.00. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27.46 billion, a P/E ratio of 54.89, a P/E/G ratio of 5.09 and a beta of 1.16.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now directly owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANSS shares. Barclays lifted their target price on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. StockNews.com started coverage on shares of ANSYS in a report on Wednesday. They issued a "hold" rating on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of ANSYS in a report on Wednesday, January 17th. Finally, Mizuho cut their target price on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating on the stock in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $320.00.

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.