ANSYS (NASDAQ:ANSS) Issues Quarterly Earnings Results, Misses Estimates By $0.32 EPS

ANSYS (NASDAQ:ANSS) posted its quarterly earnings results on Wednesday. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32), Zacks reports. ANSYS had a return on equity of 12.96% and a net margin of 22.62%. The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million.

ANSYS Price Performance

ANSS opened at $340.46 on Friday. ANSYS has a one year low of $289.82 and a one year high of $363.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company’s 50 day simple moving average is $342.81 and its 200-day simple moving average is $332.47. The stock has a market capitalization of $29.77 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 3.51 and a beta of 1.12.

Analyst Ratings Changes

Several brokerages have weighed in on ANSS. Rosenblatt Securities upped their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $348.33.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.