ANSYS (ANSS) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ANSYS in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ANSS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ANSS, but not buy additional shares or sell existing shares.
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8 brokerages have issued twelve-month price targets for ANSYS's stock. Their ANSS share price forecasts range from $274.00 to $356.00. On average, they predict the company's share price to reach $317.45 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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ANSYS's stock was trading at $241.59 at the beginning of 2023. Since then, ANSS shares have increased by 24.5% and is now trading at $300.76.
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ANSYS saw a drop in short interest in August. As of August 31st, there was short interest totaling 996,800 shares, a drop of 6.0% from the August 15th total of 1,060,000 shares. Based on an average daily volume of 460,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ANSS earnings forecast.

ANSYS, Inc. (NASDAQ:ANSS) released its quarterly earnings data on Thursday, August, 3rd. The software maker reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.11. The software maker earned $496.60 million during the quarter, compared to the consensus estimate of $490.05 million. ANSYS had a net margin of 24.12% and a trailing twelve-month return on equity of 11.83%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share.
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ETFs with the largest weight of ANSYS (NASDAQ:ANSS) stock in their portfolio include Pacer BlueStar Engineering the Future ETF (BULD), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), iShares Future Metaverse Tech and Communications ETF (IVRS), Guru Favorite Stocks ETF (GFGF), Hennessy Stance ESG Large Cap ETF (STNC), VanEck Robotics ETF (IBOT), 3D Printing ETF (PRNT) and First Trust NASDAQ 100 Technology Index Fund (QTEC).

ANSYS issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $1.18-$1.31 for the period, compared to the consensus EPS estimate of $1.91. The company issued revenue guidance of $453.70 million-$473.70 million, compared to the consensus revenue estimate of $525.25 million.

250 employees have rated ANSYS Chief Executive Officer Ajei Gopal on Glassdoor.com. Ajei Gopal has an approval rating of 95% among the company's employees. This puts Ajei Gopal in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 88.0% of employees surveyed would recommend working at ANSYS to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other ANSYS investors own include NVIDIA (NVDA), Adobe (ADBE), Salesforce (CRM), Advanced Micro Devices (AMD), Mastercard (MA), Micron Technology (MU), Costco Wholesale (COST), Cisco Systems (CSCO), QUALCOMM (QCOM) and Intel (INTC).

ANSYS trades on the NASDAQ under the ticker symbol "ANSS."

ANSYS's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (163.75%), BlackRock Inc. (11.73%), Aristotle Capital Management LLC (4.62%), State Street Corp (4.09%), Geode Capital Management LLC (2.20%) and Ownership Capital B.V. (1.67%). Insiders that own company stock include Ajei Gopal, Alec D Gallimore, Barbara Vaughn Scherer, Glenda Dorchak, Janet Lee, Maria T Shields, Maria T Shields, Richard S Mahoney, Richard S Mahoney and Shane Emswiler.
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Shares of ANSS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ANSS stock can currently be purchased for approximately $300.76.

ANSYS (NASDAQ:ANSS) has a market capitalization of $26.10 billion and generates $2.07 billion in revenue each year. The software maker earns $523.71 million in net income (profit) each year or $6.00 on an earnings per share basis.

The company employs 5,600 workers across the globe.

ANSYS's mailing address is 2600 ANSYS DRIVE SOUTHPOINTE, CANONSBURG PA, 15317. The official website for the company is www.ansys.com. The software maker can be reached via phone at (844) 462-6797, via email at annette.arribas@ansys.com, or via fax at 724-514-9494.