ANSYS (NASDAQ:ANSS) Receiving Somewhat Favorable News Coverage, Analysis Shows

News stories about ANSYS (NASDAQ:ANSS) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ANSYS earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.1410405111261 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

ANSYS (NASDAQ:ANSS) traded up $2.01 during midday trading on Friday, reaching $154.22. The company had a trading volume of 479,520 shares, compared to its average volume of 486,000. ANSYS has a one year low of $92.33 and a one year high of $156.14. The stock has a market cap of $13,000.00, a PE ratio of 48.50 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The company had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. equities analysts predict that ANSYS will post 3.57 EPS for the current year.

Several equities research analysts recently commented on ANSS shares. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a report on Tuesday, October 3rd. Robert W. Baird set a $130.00 price objective on ANSYS and gave the stock a “buy” rating in a report on Sunday, October 1st. Evercore ISI restated a “hold” rating and set a $113.00 price target on shares of ANSYS in a research note on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Finally, Needham & Company LLC restated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ANSYS has an average rating of “Hold” and a consensus price target of $128.91.

In related news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total value of $152,121.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,031 shares of company stock worth $2,960,730. 1.30% of the stock is owned by insiders.

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About ANSYS

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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