New York: Ansys (NASDAQ:ANSS) Stock Has Just Had Its “Underweight” Rating Reiterated by Barclays. Shares now Have a $162 Target

August 9, 2018 - By Catherine Diaz

ANSYS, Inc. (NASDAQ:ANSS) Logo

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.03, from 0.89 in 2017Q4. It dived, as 22 investors sold ANSYS, Inc. shares while 185 reduced holdings. 66 funds opened positions while 113 raised stakes. 75.68 million shares or 2.75% less from 77.82 million shares in 2017Q4 were reported.

Macquarie Grp Ltd reported 0% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Aviva Public Ltd Com stated it has 0.04% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Cwm reported 3 shares or 0% of all its holdings. Evercore Wealth Mngmt Limited Liability Corporation holds 1% or 166,988 shares in its portfolio. Guggenheim Capital reported 485,293 shares. Everence Cap Mgmt has invested 0.06% in ANSYS, Inc. (NASDAQ:ANSS). Mason Street Lc holds 11,683 shares. 739 were accumulated by Parkside Bancorporation Tru. Kentucky-based Kentucky Retirement System Insur Fund has invested 0.06% in ANSYS, Inc. (NASDAQ:ANSS). Wells Fargo Mn reported 220,721 shares. Asset Mgmt One Company stated it has 133,865 shares or 0.05% of all its holdings. 7,119 were accumulated by Sumitomo Mitsui Asset Mngmt Communications Limited. The Quebec – Canada-based Public Sector Pension Board has invested 0.01% in ANSYS, Inc. (NASDAQ:ANSS). Fisher Asset Lc has 74,663 shares for 0.01% of their portfolio. 12,818 are owned by Nomura.

Since February 15, 2018, it had 0 insider buys, and 9 sales for $16.75 million activity. $4.04M worth of stock was sold by MORLEY BRADFORD C on Wednesday, March 7. Gopal Ajei also sold $613,442 worth of ANSYS, Inc. (NASDAQ:ANSS) shares. 944 shares valued at $156,610 were sold by HINDSBO MARK on Thursday, March 8. The insider MAHONEY RICHARD S. sold $330,338. On Saturday, April 28 ZACK MATTHEW C. sold $199,149 worth of ANSYS, Inc. (NASDAQ:ANSS) or 1,222 shares.

Ansys (NASDAQ:ANSS) Rating Reaffirmed

Recently, In a note revealed to investors on Wednesday, 8 August, Ansys (NASDAQ:ANSS) shares have had their “Underweight” Rating maintained by equity research analysts at Barclays, who currently has a $162 target on firm. This target by Barclays indicates the possibile downside of -6.29 % from the last stock price.

ANSYS, Inc. (NASDAQ:ANSS) Ratings Coverage

Among 6 analysts covering Ansys (NASDAQ:ANSS), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Ansys has $210 highest and $162 lowest target. $189.83’s average target is 9.81% above currents $172.87 stock price. Ansys had 7 analyst reports since February 22, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, August 8. The company was maintained on Monday, June 25 by Robert W. Baird. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 22 report. On Wednesday, June 20 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of ANSYS, Inc. (NASDAQ:ANSS) has “Buy” rating given on Friday, May 4 by Berenberg. The rating was upgraded by MUFG Securities Americas Inc to “Buy” on Thursday, May 3.

The stock increased 0.05% or $0.09 during the last trading session, reaching $172.87. About 552,457 shares traded or 13.88% up from the average. ANSYS, Inc. (NASDAQ:ANSS) has risen 28.61% since August 9, 2017 and is uptrending. It has outperformed by 16.04% the S&P500.

ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors industries and academia worldwide. The company has market cap of $14.57 billion. The firm offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS Engineering Knowledge Manager, a solution for simulation process and data management challenges; and high-performance computing product suite that delivers cross-physics parallel processing capabilities for simulation software. It has a 49.28 P/E ratio. It also offers geometry handling solutions; meshing technology that transforms a physical model into a mathematical model; structural analysis product suite for product design and optimization; explicit dynamics product suite that simulates events; and composite analysis and optimization technology, as well as customization services.

More notable recent ANSYS, Inc. (NASDAQ:ANSS) news were published by: Seekingalpha.com which released: “ANSYS, Inc. 2018 Q2 – Results – Earnings Call Slides” on August 07, 2018, also Seekingalpha.com with their article: “PTC’s Transition Is Paying Off” published on July 21, 2018, Nasdaq.com published: “ANSYS Appoints Nicole Anasenes and Glenda Dorchak to Board of Directors” on August 02, 2018. More interesting news about ANSYS, Inc. (NASDAQ:ANSS) were released by: Nasdaq.com and their article: “ANSYS to Release Second Quarter 2018 Earnings Results After Market Close on August 6, 2018” published on July 17, 2018 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Wednesday” with publication date: August 08, 2018.

ANSYS, Inc. (NASDAQ:ANSS) Ratings Chart

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