ANSYS Stock Beats Expectations By $0.15 EPS in Q3 Earnings Report

On Wednesday, Nov 02, ANSYS Inc. (ANSS:NSD) announced its quarterly earnings report. According to this ANSYS stock report, the software developer surpassed analysts’ consensus projections of $1.62 by $0.15 and generated $1.77 earnings per share (EPS) for the quarter.

The net margin for ANSYS Inc. was 22.96%, and the return on equity was 11.98%. Compared to the consensus estimate of $467.78 million for the quarter, the company’s revenue came in at $472.51 million. The company’s earnings per share for the same quarter last year were $1.19. The income for ANSYS Inc. increased by 7.1% from the previous year.

 

4.5% Fall in ANSYS Stock!

On Thursday, Ansys stock opened at $209.45. ANSYS’s 12-month range includes a low of $194.23 and a high of $413.89. The stock’s 200 and 50-day simple moving averages are $249.45 and $230.83, respectively.

The stock has an 18.24 billion dollar market CAP, a PE ratio of 40.20, a PEG ratio of 4.60, and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, while quick and current ratios of 2.12 and 2.12, respectively.

 

Analyst Forecasts and Price Targets:

Recently, several research experts put forward their opinions on ANSYS shares.

In a report on Tuesday, August 9th, Credit Suisse Group raised their price target on shares of ANSYS to $329.00.

On Tuesday, October 11th, Barclays lowered their price target for ANSYS stock from $260.00 to $200.00.

On Tuesday, August 16th, Wolfe Research began covering shares of ANSYS in a research report. They assigned the stock a “outperform” rating and a $320.00 price target.

In a report on Monday, October 24th, Rosenblatt Securities updated the ANSYS stock rating from “neutral” to a “buy” and decreased their target price from $295.00 to $270.00.

4 research analysts have given the stock a Buy rating, 6 have given it a Hold rating, and 2 have given the stock a Sell rating.

According to Stock Target Advisor’s stock analysis, the stock currently has an average price target of $284.06 and a consensus analyst rating of “Buy”.

 

ANSYS Stock-Insider Transactions:

In related news, on Tuesday, October 4th, SVP Shane Emswiler sold 436 shares of the company’s stock. A total of $101,845.24 was spent on the sale of the stock, which was sold for an average ANSYS stock price of $233.59.

The senior vice president now directly owns 26,572 shares in the company, valued at approximately $6,206,953.48, after the sale was completed. The Securities & Exchange Commission received notice of the sale in a document, which is accessible on the SEC website. 0.63% of the stock is held by company insiders.

 

What Institutional Investors Think About ANSYS Stock?

Institutional investors and a handful of hedge funds have recently acquired and sold shares of the business. In the first quarter, American Century Companies Inc. increased its ownership of ANSYS by 12.4%. After acquiring an additional 248 shares in the most recent quarter, American Century Companies Inc. now owns 2,254 shares of the software maker’s stock, valued at $716,000 in total.

During the first quarter, Panagora Asset Management Inc. grew its holdings in ANSYS shares by 59.0%. After acquiring extra 1,643 shares over the quarter, Panagora Asset Management Inc. now owns 4,430 shares of the software maker’s stock, valued at $1,407,000.

In the first quarter, Cibc World Market Inc. increased its holding in ANSYS by 7.3%. After purchasing an additional 158 shares during the most recent quarter, Cibc World Market Inc. now owns 2,323 shares of the software maker’s stock, valued at $738,000 on the open market.

During the first quarter, Dimensional Fund Advisors LP increased its ownership of ANSYS by 3.5%. After acquiring an additional 10,284 shares during the most recent quarter, Dimensional Fund Advisors LP now owns 301,397 shares of the software maker’s stock, valued at $95,742,000.

And last, in the first quarter, Allianz Asset Management GmbH boosted its stake in ANSYS shares by 4.5%. After acquiring an additional 3,063 shares during the time, Allianz Asset Management GmbH now owns 71,045 shares of the software maker’s stock, valued at $22,567,000. 90% of the equity of the company is held by institutional investors and hedge funds.

 

About ANSYS Inc.

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, and structural analysis product suite that provides simulation tools for product design and optimization. The company also provides an electronics product suite that offers field simulation software for designing electronic and electromechanical products. In addition, the company provides the Discovery product family for use in the simulation of product design; and an 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.