ANSYS - ANSS Stock Forecast, Price & News

ANSYS, Inc. develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization. The company also provides electronics product suite that offers field simulation software for designing electronic and electromechanical products; SCADE product suite, a solution for embedded software simulation, code production, and automated certification; fluids product suite that enables modeling of fluid flow and other related physical phenomena; Ansys Granta products to give access to material intelligence; photonic design and simulation tools; and optical sensor and closed-loop, and real-time simulation, as well as safety-certified embedded software solutions. In addition, the company provides Discovery product family for use in the simulation of product design; and academic product suite used in research and teaching settings, which allows students to become familiar with its simulation software. It serves engineers, designers, researchers, and students in the aerospace and defense, automotive transportation and mobility, construction, consumer products, energy, healthcare, high-tech, industrial equipment, materials and chemical processing, and sports industries. The company was founded in 1970 and is headquartered in Canonsburg, Pennsylvania.

ANSYS Stock Performance

NASDAQ:ANSS traded down $2.64 during trading hours on Tuesday, reaching $283.72. The stock had a trading volume of 461,101 shares, compared to its average volume of 536,818. The stock has a market cap of $24.70 billion, a P/E ratio of 54.46, a price-to-earnings-growth ratio of 5.96 and a beta of 1.29. The stock has a 50 day simple moving average of $254.61 and a 200 day simple moving average of $280.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 2.12. ANSYS has a 12-month low of $225.92 and a 12-month high of $413.89.

ANSYS (NASDAQ:ANSS - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The software maker reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.16. ANSYS had a return on equity of 11.98% and a net margin of 22.96%. During the same period last year, the company posted $1.38 earnings per share. On average, research analysts forecast that ANSYS will post 6.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANSS has been the topic of several recent analyst reports. Citigroup raised their price objective on ANSYS to $311.00 in a research note on Tuesday, August 9th. Wolfe Research initiated coverage on shares of ANSYS in a research report on Tuesday. They set an "outperform" rating on the stock. Robert W. Baird upped their price objective on shares of ANSYS to $345.00 in a research report on Monday. TheStreet cut shares of ANSYS from a "b-" rating to a "c" rating in a research report on Wednesday, May 4th. Finally, Credit Suisse Group boosted their target price on ANSYS to $329.00 in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ANSYS currently has an average rating of "Hold" and a consensus price target of $273.30.

Insider Activity

In related news, Director Glenda Dorchak sold 800 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $256.18, for a total value of $204,944.00. Following the completion of the transaction, the director now directly owns 4,041 shares of the company's stock, valued at approximately $1,035,223.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company's stock.