ANSYS (ANSS) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of ANSYS (NASDAQ:ANSS) from a buy rating to a strong-buy rating in a research note released on Wednesday morning.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of ANSYS from a hold rating to a buy rating and set a $169.00 target price for the company in a research report on Tuesday, November 7th. Berenberg Bank upgraded shares of ANSYS from a hold rating to a buy rating and set a $123.00 target price for the company in a research report on Tuesday, January 30th. Evercore ISI restated a hold rating and set a $113.00 target price on shares of ANSYS in a research report on Thursday, November 2nd. Needham & Company LLC restated a hold rating on shares of ANSYS in a research report on Friday, November 3rd. Finally, Citigroup boosted their target price on shares of ANSYS from $125.00 to $160.00 and gave the company a neutral rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. ANSYS has a consensus rating of Hold and an average target price of $128.91.

Shares of ANSYS (NASDAQ:ANSS) opened at $150.41 on Wednesday. ANSYS has a 12 month low of $96.02 and a 12 month high of $164.90. The company has a market cap of $12,630.63, a P/E ratio of 47.30 and a beta of 1.07.

In other ANSYS news, CFO Maria T. Shields sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total value of $4,063,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of the company’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 transaction of $152,121.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,527 shares of company stock valued at $5,123,622. Company insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in shares of ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock worth $427,401,000 after purchasing an additional 607,765 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of ANSYS by 13.6% in the third quarter. Pictet Asset Management Ltd. now owns 1,091,618 shares of the software maker’s stock worth $133,975,000 after purchasing an additional 130,628 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ANSYS by 27.2% in the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock worth $128,883,000 after purchasing an additional 224,640 shares during the period. Bessemer Group Inc. boosted its position in shares of ANSYS by 0.6% in the third quarter. Bessemer Group Inc. now owns 1,013,715 shares of the software maker’s stock worth $124,412,000 after purchasing an additional 5,578 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of ANSYS in the second quarter worth approximately $971,000. Institutional investors and hedge funds own 96.57% of the company’s stock.

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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.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

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