Ansys (ANSS) Earning Somewhat Favorable Press Coverage, Study Finds

Media coverage about Ansys (NASDAQ:ANSS) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ansys earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.8613586876666 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

ANSS has been the topic of several recent analyst reports. Zacks Investment Research downgraded Ansys from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded Ansys from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Tuesday, January 30th. Wedbush reiterated a “neutral” rating and set a $136.00 target price (down from $160.00) on shares of Ansys in a research report on Friday, February 23rd. Finally, ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $132.00.

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Shares of Ansys stock traded up $3.01 during trading hours on Monday, reaching $159.99. The stock had a trading volume of 574,327 shares, compared to its average volume of 485,670. The company has a market cap of $13,205.17, a price-to-earnings ratio of 44.32 and a beta of 1.01. Ansys has a 1 year low of $104.66 and a 1 year high of $171.92.

Ansys (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $302.34 million for the quarter, compared to the consensus estimate of $290.66 million. Ansys had a return on equity of 13.77% and a net margin of 23.67%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.98 EPS. analysts expect that Ansys will post 4.41 EPS for the current fiscal year.

Ansys declared that its board has approved a share repurchase program on Wednesday, February 21st that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director James E. Cashman III sold 862 shares of the stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total value of $136,196.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard S. Mahoney sold 2,039 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $162.01, for a total value of $330,338.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,026 shares of company stock worth $8,836,592. Company insiders own 1.10% of the company’s stock.

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Ansys Company Profile

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries and academia worldwide.

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