Engineering simulation software and services provider ANSYS, Inc. (NASDAQ:ANSS) has recently received a “Hold” rating from out of fourteen ratings firms covering the company, according to Bloomberg.com. While one analyst has rated the stock as a sell, five have assigned a buy rating along with three holds. Over the past year, the average 1-year price target among analysts who have issued ratings on ANSYS is $311.92.
Founded by John A., the company provides solutions for various industries such as aerospace and defense, automotive, construction, energy, materials and chemical processing, autonomous engineering and electrification. The company’s advanced engineering software has been instrumental in several key technological developments across many industries.
Hedge funds have made significant modifications to their holdings of ANSYS in recent times. Investment management firm CI Investments Inc increased its ownership of ANSYS by 927.3% in Q3 2020 and now owns over 100 shares amounting to $25,000 value-wise. Similarly, Accurate Wealth Management LLC acquired new stakes worth about $25,000 while Whittier Trust Co. of Nevada raised its holdings by over 78%, owning about 107 shares worth around $26k presently.
Money Concepts Capital Corp lifted its investment value by over 177% in Q3 2020 after acquiring additional shares worth approximately $29k while CVA Family Office LLC raised its holdings by over 106%, owning approximately $30k worth of shares at present.
Overall, institutional investors and hedge funds own about 89.82% of the stock currently available for public purchase.
Despite mixed ratings predictions from analysts across different platforms regarding ANSYS’ future prospects based on market activities pricing-wise surrounding the organization’s stocks continue to be closely monitored both within company circles as well as industry-wide.. The increasing interest from hedge funds could potentially lead to a reshaped outlook for this organization pertaining to future growth and development.
ANSYS: The Top Engineering Simulation Software and Services Provider
ANSYS: Leader in Engineering Simulation Software and Services
ANSYS, Inc is a global leader in engineering simulation software and services, providing cutting-edge solutions to customers across various industries. The company’s innovative solutions enable organizations to design, develop and deliver high-performance products while reducing development costs and time-to-market.
Many research analysts have regularly commented on the company, praising its impressive growth potential. Royal Bank of Canada (RBC) increased their price objective on ANSYS from $248.00 to $292.00, with Rosenblatt Securities upgrading their price objective from an initial value of $270.00 to $310.00 while recommending a “buy” rating on the stock.
Bank of America showed great optimism by upgrading its own price objective on ANSYS from an initial value of $325.00 to $356.00 while Robert W Baird raised its price objective to a staggering $327.00, with a corresponding “outperform” rating for the stock.
TheStreet also joined in the praise, raising ANSYS’ overall rating from a “c+” rating to a “b”.
To further exemplify confidence in the company’s future success, ANSYS had recently announced that it has sold 11,419 shares of senior vice president Shane Emswiler-held stock at an average price of $265.68, totaling over three million dollars in value.
Furthermore, according to Securities & Exchange Commission (SEC) filings seen publicly through hyperlinks found under this news and corroborated by other outlets such as MarketWatch and Yahoo Finance—SVP Janet Lee sold 984 shares worth over 295 thousand dollars at an average share price of $300.31 whereas SVP Shane Emswiler sold another 11,419 stocks valued over three million dollars again which puts insiders as owning only 0.53% of total shares in the last ninety days.
Despite reasonable fluctuations within ANSYS market capitalization and earnings per share (EPS) metrics, the current share price of NASDAQ ANSS in the stock market as highlighted by Yahoo Finance at $322.97 shows that investors have been well impressed with the company’s growth trajectory since its listing on Nasdaq.
The company’s diversified solutions cover a broad range of industrial sectors, including automotive, aerospace and defense, construction, energy, materials and chemical processing. These cutting-edge products have enabled organizations to meet their high-performance criteria while reducing costs and time-to-market.
ANSYS reported $3.09 earnings per share for Q1 2022. This was larger than the consensus estimate of $2.80 by $0.29. The software maker had revenue of $694.70 million for the quarter compared to expectations of $649.47 million.
With a debt-to-equity ratio of 0.15 and a current ratio/quick ratio also at 2.09 each, the firm is financially stable thereby making it an even more sought-after entity for growing investments around the world.
Investors still forecast that ANSYS will post 6.73 EPS for the current fiscal year, given the tremendous potential in its solutions suite—a demonstration of long-term viability that will surely continue to make this company a pillar within its class in times to come.
