ANSYS (ANSS) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ANSYS in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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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9 equities research analysts have issued 12-month price targets for ANSYS's shares. Their ANSS share price forecasts range from $274.00 to $356.00. On average, they anticipate the company's share price to reach $311.92 in the next year. This suggests that the stock has a possible downside of 5.2%.
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ANSYS's stock was trading at $241.59 at the beginning of the year. Since then, ANSS stock has increased by 36.2% and is now trading at $329.16.
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ANSYS saw a increase in short interest in May. As of May 15th, there was short interest totaling 789,100 shares, an increase of 7.1% from the April 30th total of 737,100 shares. Based on an average daily volume of 510,100 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ANSS earnings forecast.

ANSYS, Inc. (NASDAQ:ANSS) released its earnings results on Thursday, February, 23rd. The software maker reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.29. The software maker earned $694.70 million during the quarter, compared to the consensus estimate of $649.47 million. ANSYS had a trailing twelve-month return on equity of 12.73% and a net margin of 25.74%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share.
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ETFs with the largest weight of ANSYS (NASDAQ:ANSS) stock in their portfolio include iShares Future Metaverse Tech and Communications ETF (IVRS), Pacer BlueStar Engineering the Future ETF (BULD), ProShares S&P Kensho Smart Factories ETF (MAKX), 3D Printing ETF (PRNT), First Trust NASDAQ-100-Technology Sector Index Fund (QTEC), Invesco DWA Momentum ETF (PDP), Franklin Intelligent Machines ETF (IQM) and Nuveen ESG Mid-Cap Growth ETF (NUMG).

ANSYS updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.35-$1.53 for the period, compared to the consensus EPS estimate of $1.87. The company issued revenue guidance of $473.00 million-$498.00 million, compared to the consensus revenue estimate of $521.15 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.65%), Aristotle Capital Management LLC (4.71%), State Street Corp (4.01%), Geode Capital Management LLC (2.16%), Pictet Asset Management SA (1.90%) and Ownership Capital B.V. (1.70%). Insiders that own company stock include Ajei Gopal, Alec D Gallimore, Barbara Vaughn Scherer, Glenda Dorchak, Janet Lee, Maria T Shields, Maria T Shields, Matthew C Zack, Nicole Anasenes, 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 $329.16.

ANSYS (NASDAQ:ANSS) has a market capitalization of $28.54 billion and generates $2.07 billion in revenue each year. The software maker earns $523.71 million in net income (profit) each year or $6.33 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.