ANSYS (NASDAQ:ANSS) Sets New 1-Year Low After Analysts Downgrade

ANSYS, Inc. (NASDAQ: ANSS – Get a rating) hit a new 52-week low in trading on Monday after Credit Suisse Group lowered its price target on the stock from $339.00 to $320.00. The company traded as low as $229.39 and last traded at $231.89, with volume at 7072 shares. The stock had previously closed at $241.87.

Other research analysts have also released reports on the stock. began covering ANSYS shares in a research note on Thursday, March 31. They set a “hold” rating for the company. TheStreet downgraded ANSYS shares from a “b-” rating to a “c” rating in a Wednesday May 4 research note. Barclays cut its price target on ANSYS from $305.00 to $260.00 in a Friday, February 25 report. Rosenblatt Securities lowered its price target on ANSYS from $400.00 to $360.00 and set a “neutral” rating for the company in a Friday, February 25 report. Finally, the Royal Bank of Canada reduced its price target on ANSYS from $350.00 to $315.00 in a Friday, May 6 report. Two analysts have assigned the stock a sell rating, seven have assigned a hold rating and two have assigned the stock a buy rating. According to data from MarketBeat, ANSYS has an average rating of “Hold” and a consensus price target of $301.60.

In other ANSYS news, Director Glenda Dorchak sold 800 shares of the company in a trade dated Thursday, June 2. The shares were sold at an average price of $256.18, for a total value of $204,944.00. Following completion of the transaction, the administrator now directly owns 4,041 shares of the company, valued at $1,035,223.38. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Insiders own 0.54% of the shares of the company.

A number of institutional investors have recently changed their positions in ANSS. BlackRock Inc. increased its equity stake in ANSYS by 13.2% during the first quarter. BlackRock Inc. now owns 8,661,643 shares of the software maker valued at $2,751,371,000 after acquiring an additional 1,009,148 shares last quarter. Norges Bank acquired a new stock position in ANSYS during the fourth quarter worth approximately $255,302,000. Liontrust Investment Partners LLP acquired a new position in ANSYS stock during the third quarter worth approximately $138,461,000. Select Equity Group LP increased its equity stake in ANSYS by 371.6% during the first quarter. Select Equity Group LP now owns 491,364 shares of the software maker valued at $156,082,000 after acquiring an additional 387,174 shares last quarter. Finally, Ninety One UK Ltd increased its stake in ANSYS shares by 41.1% during the first quarter. Ninety One UK Ltd now owns 689,655 shares of the software maker valued at $219,069,000 after acquiring an additional 200,871 shares last quarter. Institutional investors and hedge funds own 89.93% of the company’s shares.

The stock has a 50-day moving average of $270.62 and a 200-day moving average of $319.83. The stock has a market capitalization of $20.18 billion, a PE ratio of 47.06, a price-to-earnings growth ratio of 3.35 and a beta of 1.28. The company has a quick ratio of 2.28, a current ratio of 2.28 and a leverage ratio of 0.17.

ANSYS (NASDAQ:ANSS – Get a rating) last reported results on Wednesday, May 4. The software maker reported EPS of $1.02 for the quarter, beating consensus analyst estimates of $0.70 by $0.32. The company posted revenue of $428.64 million for the quarter, versus analyst estimates of $409.26 million. ANSYS achieved a return on equity of 12.14% and a net margin of 23.02%. ANSYS revenue for the quarter increased 15.2% year-over-year. In the same quarter of the previous year, the company had earned earnings per share of $0.81. On average, stock analysts expect ANSYS, Inc. to post EPS of 6.27 for the current year.


ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework on which its multiphysics engineering simulation technologies are built and allows engineers to simulate the interactions between structures, heat transfer, fluids, electronics and optics in a unified engineering simulation; suite of high performance computing products; power analysis and optimization software suite that manages power budget, power distribution integrity, and power-induced noise in an electronic design; and a structural analysis product suite that provides simulation tools for product design and optimization.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in ANSYS right now?

Before you consider ANSYS, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and ANSYS wasn’t on the list.

While ANSYS currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.