Ansys Inc (NASDAQ:ANSS) shares traded -0.52% lower at $348.02 on Wall Street last session.
ANSS stock price is now 5.51% away from the 50-day moving average and 6.48% away from the 200-day moving average. The market capitalization of the company currently stands at $30.43B.
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With the price target reduced from $356 to $295, BofA Securities Downgraded its rating from Buy to Underperform for Ansys Inc (NASDAQ: ANSS). On December 14, 2022, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $281 to quote $295, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Dorchak Glenda, Director sold 152 shares of the company’s stock on Oct 07 ’24. The stock was sold for $47,669 at an average price of $313.61. Upon completion of the transaction, the Director now directly owns 3,630 shares in the company, valued at $1.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 08 ’24, Director Dorchak Glenda sold 159 shares of the business’s stock. A total of $52,599 was realized by selling the stock at an average price of $330.81. This leaves the insider owning 3,782 shares of the company worth $1.32 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Ansys Inc has had a low of $275.81 and a high of $364.31. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 3.11, and a quick ratio of 3.11. According to the stock market information, the enterprise value for the company is $30018207744, which is based on a 53.75 price-to-earnings ratio, a 4.66 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for ANSS is $329.1522 and a two-hundred day moving average price translates $326.7337 for the stock.
The latest earnings results from Ansys Inc (NASDAQ: ANSS) was released for 2024-09-30. The net profit margin was 23.01% and return on equity was 10.48% for ANSS. The company reported revenue of $601.89 million for the quarter, compared to $458.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.19 percent.
